The House of Representatives has convened a closed-door session to deliberate on Tax Reform Bills proposed by President Bola Tinubu. The session aims to build consensus among lawmakers before the debate on the bills, which were transmitted to the National Assembly on September 3, 2024. The bills, recommended by the Taiwo Oyedele-led tax reforms committee, include the Nigeria Tax Bill 2024.
The House of Representatives has gone into a closed-door session to deliberate on the Tax Reform Bills proposed by President Bola Tinubu . The meeting which is currently underway, aims to build consensus among lawmakers ahead of the debate on the bills.A lawmaker of the All Progressives Congress said the meeting is expected to douse tension ahead of the debate.
The Tax Reform Bills, which were transmitted to the National Assembly on September 3, 2024, are designed to reform the country's tax system. The bills are based on the recommendations of the Taiwo Oyedele-led tax reforms committee.The four bills, which are expected to be debated by the lawmakers, include the Nigeria Tax Bill 2024, which will provide the fiscal framework for taxation in the country.
Tax Reform Bills Closed-Door Session House Of Representatives Nigeria Bola Tinubu Taiwo Oyedele
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abass Abdullahi: As tax reform bills turned tax man Zacch Adedeji to a teacherThe Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, a seasoned Accountant and an accomplished public sector administrator, has been synonymous with tax collection. In fact, he is seen as the Nigeria version of the Biblical Zaccheous, the Tax Collector.
Read more »
Nigeria's Tax Chief: Reform Bills Will Increase Tax Payers, Not Create New TaxesZacch Adedeji, the chairman of the Federal Inland Revenue Service (FIRS), clarifies that the proposed tax reform bills aim to increase the number of eligible taxpayers rather than introducing new taxes. He emphasized simplifying tax payments and improving revenue generation without burdening citizens, while also highlighting the success of revenue-collecting agencies in exceeding their targets this year.
Read more »
Tinubu’s tax reform bills will reduce tax burden on many NigeriansThe Tax Reforms Committee chairman, Taiwo Oyedele, said if the bills are passed and assented to by the president, 30 per cent of Nigerians who earn between N50,000 and N70,000 monthly will be exempted from paying tax.
Read more »
Senators Debate Allowing Economic Team to Attend Plenary on Tax Reform BillsThe Nigerian Senate debated over whether to allow President Bola Tinubu’s economic team to attend plenary to discuss the Tax Reform Bills, highlighting tensions and procedural concerns.
Read more »
Northern Lawmaker Reveals Why National Assembly Will Pass Tinubu’s Tax Reform BillsA Trusted Nigerian Newspaper
Read more »
Presidency Steps Up Lobbying For Tax Reform BillsA Trusted Nigerian Newspaper
Read more »