Senate passes 2 key Tax Bills - Daily Trust

Senate passes 2 key Tax Bills - Daily Trust

The Senate passed two of the four Tax Reform Bills, on Wednesday. The bills are expected to reform Nigeria’s tax laws. Lawmakers approved the bills after considering and adopting recommendations from the Senate Committee on Finance, led by Sen. Sani Musa. The four key bills are: the Joint Revenue Board (Establishment) Bill, 2025; the Nigeria Revenue Service (Establishment) Bill, 2025; the Nigeria Tax Administration Bill; and the Nigeria Tax Bill…

Senate Passes Two Tax Reform Bills — City Business News

Advertisements The Senate has passed two out of four major tax reform bills, marking a significant milestone in the ongoing overhaul of the nation’s tax administration framework. The two bills, one seeking to repeal the Federal Inland Revenue Service (Establishment) Act and another to establish the Joint Revenue Board (Establishment) Bill 2025 along with the Nigeria Revenue Service Bill 2025, were passed following a clause-by-clause consideratio…

Tinubu’s Tax Overhaul Hits Milestone as Nigerian Senate Approves Two Reform Bills, Rejects VAT Hike

Nigeria’s Senate has given the green light to two out of four ambitious tax reform bills proposed by President Bola Tinubu, signaling progress in the administration’s effort to reset the country’s battered fiscal system. But in a clear indication of the political sensitivity surrounding tax policy, lawmakers rejected the proposed increase in Value-Added Tax from […] The post Tinubu’s Tax Overhaul Hits Milestone as Nigerian Senate Approves Two Re…

Senate passes 2 key Tax Bills

Senate passes 2 key Tax Bills. The Senate passed two of the four Tax Reform Bills on Wednesday. These are expected to reform Nigeria’s tax....

Senate passes 2 Tax Reform Bills

Senate at its plenary on Wednesday passed two out of four of President Bola Tinubu’s Tax Reform Bills presented to the National Assembly last year. By Haruna Salami Senate at its plenary on Wednesday passed two out of four of President Bola Tinubu’s Tax Reform Bills presented to the National Assembly last year. This followed the consideration of the Report of the Committee on Finance on “Tax Reform Bills, 2025 (SBs. 583, 584, 585, 586)” presente…

Senate Retains 7.5% VAT, Passes Nigerian Revenue and Tax Administration Bills - InsideBusiness - Business News in Nigeria

The Nigerian Senate on Wednesday passed the Nigerian Revenue Service (Establishment) Bill and the Nigerian Tax Administration (Establishment) Bill, two critical components of the federal government’s ongoing tax reform initiative. As part of the legislative process, the Senate also approved the retention of the 7.5 per cent Value Added Tax (VAT) rate, following recommendations by its Committee on Finance. The bills, which are part of a four-par…