The Nigeria’s President Bola Tinubu on Thursday signed into law the four bills that comprehensively reform Nigeria’s tax system, which are Nigeria Tax Bill, Nigerian Tax Administration bill, National Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill.
Penpushing reports that the bills seek to reform not just the tax collection agencies but also issues like who is eligible to pay tax and how the tax revenue should be shared.
The President signed the bills at the State House, Abuja, Federal Capital Territory (FCT) and thereafter, the Chairman of the Federal Inland Revenue Service (FIRS), Zachaeus Adedeji, and that of the Presidential Committee on Tax and Fiscal Reforms, Taiwo Oyedele, addressed journalists.
Penpushing further reports that part of the reforms is the renaming of the Federal Inland Revenue Service (FIRS) to the National Revenue Service with an expanded scope of revenue collection and not just tax.
The effective date for the implementation of the new laws is January 1, 2026, and also in attendance at the press briefing was the Heads of the Senate and House Committees on Finance
FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or event? Contact us on WhatsApp +2348073463653 or email penpushing@yahoo.com
