Tax reform
3 Dec
The Federal Government has said there should be no room for name-calling or the injection of unnecessary ethnic and regional slurs into the national conversation on the Tax Reform Bills before the Senate. The Minister of Information and National Orientation, Mohammed Idris, made the appeal in a statement commending the "robust nationwide debate" that has…
3 Dec
The manifesto released by the 2023 presidential candidate of the New Nigeria People’s Party (NNPP), Rabiu Kwankwaso, has shown alignment with the tax reform proposed by President Bola Tinubu. This is amid his current stance against the Tax Reform Bills, which have passed a second reading in the Senate after they were presented by the…
3 Dec
A chieftain of the All Progressives Congress (APC), Dr. Abayomi Mumuni, on Tuesday stated that the proposed tax reform introduced
2 Dec
The House of Representatives has revealed why it suspended the debate on the Tax Reform Bills scheduled for Tuesday, December 3, indefinitely. This was disclosed in a memo signed by the Clerk of the House of Representatives, Dr. Yahaya Danzaria. The suspension was informed by the need for further and broader consultations. The suspension of…
1 Dec
Former Vice President Atiku Abubakar has spoken out on the contentious tax reform bills proposed by President Bola Tinubu. Atiku’s statement follows the National Economic Council’s (NEC) recommendation to withdraw the Tax Reforms Bill, currently before the National Assembly. In a statement released on Sunday, Atiku emphasized the need for a fiscal system that promotes…
30 Nov
Honourable Abdussamad Dasuki, representing Tambuwal Federal Constituency of Sokoto State, has urged the Presidency to provide detailed data on tax revenue distribution to states under existing and proposed tax laws. Dasuki, who also chairs the House of Representatives Committee on Shipping Services, believes such transparency is critical to fostering informed debate and decisions regarding the…
30 Nov
Ahead of the passage of the new tax regime at the National Assembly, the Northern Youth Assembly (NYA) has accused the Deputy Senate President, Senator Barau Jibril, of being insensitive to the plight of the Northern region. The Northern youth expressed disappointment over what they described as the "manipulative action" of the Senate plenary, presided…
28 Nov
John Akubo, Abuja The Nigerian Senate on Thursday approved President Bola Tinubu’s controversial Tax Reform Bills for a second reading. The Bills are: ‘A Bill for an Act to Establish the Joint Revenue Board, the Tax Appeal Tribunal, and the Office of the Tax Ombudsman, for the harmonization, coordination, and settlement of disputes arising from…
27 Nov
The Nigerian Senate had a rowdy session on Wednesday during deliberations on the contentious Tax Reform Bill that led to a shouting match between lawmakers. The debate presided over by Deputy Senate President Jibrin Barau, took a dramatic turn when Senate Leader Michael Opeyemi Bamidele invoked Order 12(1) to suspend standard Senate Rules, seeking permission…
27 Nov
The Federal Government should adopt a more methodical approach to convince Nigerians of the genuineness and public interest nature of its proposed tax reform, which has unfortunately been embroiled in controversies. Going by the explanation of the government through the Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, that the reforms are well…
22 Nov
The Resource Centre for Human Rights and Civic Education, CHRICED has kicked against the tax reform bills before the current National Assembly, saying it was designed to further impoverish Nigerians more. The organisation also commended the Supreme Court for its landmark ruling that rejected the lawsuit brought before it by 16 states governors led by…
21 Nov
People have been talking about the proposed bill, discussing its potential, the concerns, and the necessary changes it could bring to Nigeria’s tax system. The Tax Reform Bill, with its proposed shift in the VAT derivation formula, is no small matter. The reform has the power to reshape Nigeria’s tax system and, by extension, its…