The House of Representatives Thursday passed the tax reform bills of President Bola Tinubu with assurance that concerns of Nigerians have been taken care off in the documents. Nigerian e-commerce platforms
The bills include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service Establishment Bill.
Speaking after the House considered and adopted the report on the four-tax reform bill, the Chairman of the House of Representatives Committee on Finance, James Faleke (APC-Lagos), assured Nigerians that the tax reform bills will produce widely acceptable laws.
“These bills underwent three full days of public hearings, with input from over 80 key stakeholders. Afterward, we held an eight-day retreat to debate each clause. Nigerian e-commerce platforms
“I am glad that House members recognised our thorough work and approved all our recommendations,” Faleke said.
He expressed appreciation to fellow lawmakers and Nigerians who engaged with the bills, assuring that the resulting laws will be acceptable to all.
Faleke also thanked the House leadership for entrusting his committee with processing the tax bills and presenting them for consideration.
He commended President Bola Tinubu for prioritising tax law reforms, noting that some existing tax laws date as far back as 1959. Nigerian e-commerce platforms
“We cannot continue using outdated tax laws that no longer meet our business, survival, and revenue needs,” he stressed.
Deputy Committee Chairman, Saidu Abdullahi (APC-Niger), said no bill in the 10th Assembly had generated as much debate as the tax reform bills.
He praised Speaker Tajudeen Abbas for fostering consensus among stakeholders, ensuring broad-based input into the legislative process.
Abdullahi highlighted that representatives from all geopolitical zones and regional thought leaders were involved, easing public concerns. NAN
