Reps to pass Tinubu’s tax reform bills today

The House of Representatives is currently considering the report on the four tax bills transmitted to the National Assembly in October 2024 by President Bola Tinubu.

Chairman of the Committee on Finance, James Abiodun Faleke, presented the report during Thursday’s plenary, presided over by Speaker Tajudeen Abbas.
As of the time of filing this report, the lawmakers have dissolved into the Committee of the Whole to consider the report on a clause-by-clause basis.

On Tuesday, Faleke submitted the report of the public hearing on the proposed legislation to the House.

The submission of the report followed the conclusion of a three-day public hearing on the bills and the subsequent review of the memoranda presented to the committee, as well as inputs made by various stakeholders during the hearing.

The reports presented to the House include a Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States and Local Governments; Prescribe the Powers and Functions of Tax Authorities, and for Related Matters (HB.1756) ” (Referred: 12/2/2025).

“A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and Enact the Nigeria Revenue Service (Establishment) Bill to Establish Nigeria Revenue Service, charged with Powers of Assessment, Collection of, and Accounting for Revenue Accruable to the Government of the Federation and for Related Matters (HB.1757)” (Referred: 12/2/2025

“A Bill for an Act to Establish Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombud, for the Harmonisation, Coordination and Settlement of Disputes arising from Revenue Administration in Nigeria and for Related Matters (HB.1758).

“A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks Relating to Taxation and Enact the Nigeria Tax Act to Provide For Taxation of Income, Transactions and Instruments, and for Related Matters (HB.1759)”.