Tax reforms
3 days ago
With a total of N668.291 billion collected in October 2024 as value-added tax (VAT), as against the N583.675 billion collected in September, the revenue available for sharing to the three tiers of government in October rose to N1.411 trillion. This amount is higher than the N1.298 trillion that was shared in September by N113 billion.…
4 days ago
As the National Assembly considers the proposed Tax Reform Bills, the Parliamentary Monitoring Group (PMG) says that President Bola Ahmed Tinubu means well for all segments of the country with the initiative. PMG, led by Dr. Adebayor Lion Ogorry, in a statement, called on both chambers of the National Assembly to give the Tax Reform…
18 Nov
Chairman, House of Representatives Committee on Downstream Petroleum, Hon. Ado Alhassan Doguwa, has said the National Assembly would not hastily pass the Federal Government's tax reform bill. Doguwa stated that while many believe in the ingenuity of President Tinubu's Tax Reforms for the good of Nigerians, there is a need to critically evaluate public concerns…
18 Nov
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that the proposed tax reform bills before the National Assembly were not designed to target or undermine any region. Oyedele made the clarification at an interactive session on the proposed tax reform bills organised by the House of Representatives on…
17 Nov
The House of Representatives has said it will meet with members of the executive to deliberate on the tax reform bills currently before the National Assembly. The internal Interactive session slated for Monday is expected to provide clarification on the proposed reforms. Spokesman of the House, Akin Rotimi, who disclosed this in a statement on…
2 Nov
The Chairman of the Arewa Economic Forum (AEF), Ibrahim Shehu Dandakata, has raised key issues affecting the people of Arewa and the broader Nigerian population, with focus on tax reform, energy security, and combating insecurity. He emphasized that stability in Northern Nigeria is crucial for agricultural productivity, commerce, and mining potential, and called on government…
1 Nov
Kenya announced Friday it was re-introducing some of the tax hikes that sparked deadly protests earlier this year, while a new deputy president was sworn in after weeks of drama. President William Ruto scrapped an unpopular finance bill in June after the protests. Rights groups accused police of a brutal and illegal crackdown that led…