By EMMANUEL KUJE, Abuja – The 2023 Labour Party Presidential candidate, Peter Obi, has emphasized the importance of tax reform and the need for a robust and informed public debate on the critical issue. Mr. Obi in a tweet on Tuesday, tressed that any reform must be subject to...
Tax Reform bills
By DAVID IORJA, Abuja – The presidency has clarified that the tax reform bills will not eliminate key agencies like TETFUND, NASENI and NITDA. Special Adviser to the President (Information & Strategy), Bayo Onanuga, said in a statement on Monday that the bills aim to simplify the tax system,...
The Kano State House of Assembly on Monday rejected the Tax Reform bills currently under consideration at the National Assembly. At a plenary, presided over by the Speaker, Isma’il Falgore, the lawmakers kicked against the bills after extensive deliberation. The Majority Leader, Lawan Husseini (ANPP-Dala) introduced a motion of...
Borno State Governor, Professor Babagana Zulum, on Sunday, explained why the northern governors advised President Bola Tinubu to hold on before pushing the controversial tax reform bills. The governor who appeared as a guest on Channels Television’s Sunday Politics, said the Northern Governors Forum only needs time for consultation....
By SADIQ ABUBAKAR, Maiduguri– The Executive Chairman of Shani Local Government Area, Hon. Hassan Labaki has said that his people are solidly behind their Senator Mohammed Ndume and Governor Babagana Zulum for their disposition over the controversial Tax Reform Bills sent to the national assembly which has passed second...
By SADIQ ABUBAKAR, Maiduguri – A non-political Group under the umbrella of Southern Borno Concerned Citizens (SBCCs) has expressed shock and displeasure over the position of Senator Mohammed Monguno (APC Borno North) for endorsing the controversial Tax Reform Bills sent to the National Assembly by President Bola Tinubu. It...
The Senate has passed for second reading fours bills designed to reform Nigeria’s tax system. This followed the presentation of the general principles of the bills by the Senate Leader, Opeyemi Bamidele (APC-Ekiti), during plenary on Thursday. The four bills, which were first read on Oct. 30, are:o Joint...
Senator Ali Ndume has reiterated his opposition to the tax reform bills, saying that the hurry by the Presidency and some lawmakers to pass the bills looks suspicious. The tax reform bills which passed for second reading at the Senate on Thursday have raised a lot of controversies since...
The Senate, on Thursday, resumed its debate on the Tax Reform Bills. The bills are a set of four legislative proposals to increase Value-Added Tax (VAT) distributable to the sub national governments to 55 per cent while reducing the federal government’s share to 10 per cent. These far-reaching initiatives...
I have read a ton of views on the proposed Nigeria Tax Administration and other tax reform bills. On one hand, some stakeholders decry the bills as being a contrast to the current administration’s championing for local government autonomy. Some, like the National Economic Council (NEC), last month recommended...
The leader of the Northern Regional Caucus in the House of Representatives, Rep. Alhassan Doguwa, has said that the caucus will allow national interest to take precedence in the consideration of the four tax reform bills. Addressing newsmen in Abuja on a Monday, Doguwa assured that the caucus will...
By DAVID IORJA, Abuja- The Presidency has said that the Tax Reform Bill will not increase the number of taxes currently in operation, but rather optimize and simplify existing tax frameworks. The Presidency also clarified that the proposed derivation-based model for Value-Added Tax (VAT) distribution is designed to create...