Tag: Tax reform
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House of Reps approve tax reform bills
he Chairman of the House of Representatives Committee on Finance, James Faleke (APC-Lagos), has assured Nigerians that the tax reform bills will produce widely acceptable laws. Faleke gave this assurance on Thursday after the House considered and adopted the report on the four tax
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Tax reform bills ‘ll align with interests of Nigerians – Speaker Abbas
Speaker of House of Representatives, Rep. Tajudeen Abbas, says the house will thoroughly scrutinise the tax reform bills to ensure they align with interests of Nigerians. Abbas stated this during a public hearing on the bills organised by the Special Committee on Tax Reform Bills on Wednesday in Abuja.
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FG rolls out 2024 Tax Reforms, exempting SMEs, farmers from Withholding Tax
The Federal Government of Nigeria has officially began the implementation of the 2024 Withholding Tax Regulations, a move that marks a significant step toward modernizing the country’s tax system. Approved by President Bola Tinubu in July 2024 and published in the Official Gazette in October, the new regulations became effective on January 1, 2025. Formally…
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Senate leader , Bamidele insists Tax Reform Bills was never suspended
The Leader of the Senate, Senator Opeyemi Bamidele on Thursday clarified that the Senate of the National Assembly did not suspend or withdraw any consideration or deliberation on the Tax Reform Bills, 2024. Bamidele warned against the pervasive misrepresentation of the intent of the Senate on the tax reform proposals, noting that the “Senate cannot…
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Tax reform Bills palaver: HoR in rowdy session over member’s comment
The House of Representatives was thrown into a rowdy session on Tuesday following a comment made by the House Spokesperson and Chairman Commitee on Media and Publicity, Rep. Akin Rotimi on the controversial tax bills. Trouble started started when Rep. Rotimi stood up to present a report on Nigerians Content Development and Monitoring, on behalf…
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Tax Reform: Obi insists transparency should be the major focus
The leader of the Labour Party and the 2023 Presidential Candidate, Peter Obi has called for transparency in the proposed tax reform of the federal Government. Obi, writing on X handle on Monday, said that carrying out tax reform is not bad but must be done carrying the populace along and should not be done…
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What you should know about Tax reforms committee chairman, Taiwo Oyedele
President Bola Ahmed Tinubu has appointed Taiwo Oyedele as the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms.
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JUST IN: Tinubu sets up committee on tax reforms, names Taiwo Oyedele
The president of federal republic of Nigeria, Bola Tinubu has approved the establishment of a presidential committee on fiscal policy and tax reforms.