President Bola Tinubu has submitted four tax reform bills to the National Assembly for consideration.
The President in a letter read by Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, during their respective plenary sessions on Thursday, explained that the bills were crafted to align with his administration’s goals.
According to the letter, the bills are the Nigeria Tax Bill 2024, which is expected to provide the fiscal work for tax in the country, and the Tax administration Bill, which will provide clear and concise legal framework for all taxes in the country and reduce disputes.
The Tax Administration Bill seeks to provide a clear and concise legal structure for managing taxes in Nigeria to reduce disputes and enhance efficiency.
Additionally, the Nigeria Revenue Service Establishment Bill is intended to repeal the Federal Inland Revenue Service Act and create the Nigeria Revenue Service.
The Joint Revenue Board Establishment Bill proposes the creation of a tax tribunal and a tax ombudsman to address tax-related matters.
Tinubu stated that these bills would bolster Nigeria’s fiscal institutions and are in line with his government’s broader development objectives for the country.
The Oyo State government has approved the recruitment of 791 officers of various cadres into the state’s civil service. The Chairman of the Oyo State Civil Service Commission, Alhaji Kamoru Aderibigbe, made this known in a statement issued on Wednesday in Ibadan. Aderibigbe stated that the recruitment would include 230 education officers and 561 officers in various other departments within the civil service. He added that the recruitment would target […]
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