Nigerian Senate has gone into a prolong close door session to discuss President Bola Tinubu’s controversial Tax Reform Bills, after they were listed for debate on the Order Paper on Thursday.
The readiness of the Red Chamber to debate followed the enlightenment on the bills by heads of revenue agencies on Wednesday at the plenary presided by the Deputy Senate President, Senator Jibrin Barau.
The Bills listed for debate today are: “A Bill for an Act to Establish the Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombud, for the harmonisation, coordination and settlement of disputes arising from revenue administration in Nigeria and for other related matters, 2024.
“A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No. 13, 2007 and enact the Nigeria Revenue Service (Establishment) Act to Establish the Nigeria Revenue Service, charged with powers of assessment, collection of, and accounting for revenue accruable to the Government of the Federation, and for related Matters, 2024.
“A Bill for an Act to Provide for the assessment, collection of, and accounting for revenue accruing to the Federation, Federal, States and Local Government; prescribe the powers and funtions of tax authorities, and for related matters, 2024.
A Bill for an Act to Repeal certain Acts on taxation and consolidate the l;egal frameworks relating to taxation and enact the Nigeria Tax Act to provide for taxation of income, transactions and instruments, and for related matters.”
All the tax related bills which were sponsored by Senator Michael Bamidele Opeyemi for forwarded to the Senate as Executive bills and are listed for second reading.
