The four tax reform bills wey President Bola Tinubu send go National Assembly for 2024 don waka pass second reading for House of Representatives.
On Wednesday, February 12, 2025, six months after di President forward di bills make dem look am, lawmakers for di Green Chamber don debate di matter. Dem draft di bills based on di recommendations wey di Taiwo Oyedele-led Committee on Fiscal Policy and Tax Reforms give.
Di tax reform bills include:
- Nigeria Tax Bill 2024
- Tax Administration Bill
- Nigeria Revenue Service Establishment Bill
- Joint Revenue Board Establishment Bill
Since di bills don pass second reading, di next step na public hearing where dem go check am well before final decision.
But no be everybody dey happy with di tax reforms. Northern governors and some opposition politicians dey para say di bills fit bring heavy tax wahala and e fit even contradict di 1999 Constitution.
For di plenary session, lawmaker Sada Soli talk say some parts of di bills fit get problem with di Constitution, especially di way dem wan define derivation principles. He say make dem clear di matter well to avoid any confusion later.
Other lawmakers yarn say di bills wan change 40 laws wey don dey ground before, so make dem look am well before dem approve am. One serious issue wey dem raise na about multiple taxation for property transactions, as di proposed law talk say both buyer and seller go pay tax.
Di bills go enter next stage now, wey go give stakeholders chance to talk their mind before dem make final decision for Parliament.
