Finally, Senate passes all Tax Reform Bills<\/p>\n
…..will constitute Conference Cttee with Reps to harmonize differences in Bills<\/p>\n
he George Mgbeleke<\/p>\n
The Senate on Thursday after clause by clause consideration passed the remaining two Tax Reform Bills comprising Nigeria Tax Bill 2025(SB.586) and Joint Revenue Board (Establishment)Bill,2025(SB.583).<\/p>\n
Recall that the Senate had on Wednesday passed Nigeria Revenue Service and Nigeria Tax Administration Bill.<\/p>\n
The four Tax Reform bills were Executive Bills sponsored by President Bola Ahmed Tinubu and transmitted to the two chambers of National Assembly on November 2025.<\/p>\n
The bills were passed sequel to presentation of the finance committee report by its chairman Senator Sani Musa.<\/p>\n
The two bills passed on Thursday are \u201cJoint Tax Board Establishment Bill and Nigeria Tax Bill\u201d after clause by clause consideration of the bills.<\/p>\n
Senator Musa while addressing journalists after the passage of bills said it was necessary for the country taxes to be in line with international best practices.<\/p>\n
The four tax reform bills passed include Nigerian Revenue Service Establishment Bill, the Nigerian Tax Administration Bill, the Joint Tax Board Establishment Bill and the Nigerian Tax Bill.<\/p>\n
According to Senator Musa, the four bills one way or the other are interconnected, adding that \u201cthe objective of these bills is to streamline our tax administration, to make it possible that our taxes and the operations meet international best practices\u201d.<\/p>\n
He said the tax bills were presented by President Bola Tinubu with the sole aim of bringing economic prosperity to Nigerians, adding that \u201ctaxes are not enough to develop a nation, but taxes are very important segments to developing a nation because without money, without adequate revenue, you will not be able to get to meeting all those appropriated projects\u201d.<\/p>\n
According to Senator Musa,a selected number senators will be meeting with their counterpart from the House of Representatives to harmonize the differences in the Tax Reform bills passed by both chambers to adopt a common groud before taking to Mr President for his assent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Finally, Senate passes all Tax Reform Bills …..will constitute Conference Cttee with Reps to harmonize differences in Bills he George Mgbeleke The Senate on Thursday after clause by clause consideration passed the remaining two Tax Reform Bills comprising Nigeria Tax Bill 2025(SB.586) and Joint Revenue Board (Establishment)Bill,2025(SB.583). Recall that the Senate had on Wednesday passed […]<\/p>\n","protected":false},"author":2,"featured_media":1234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[2544,163,1046,2543,1812,461,537,257],"class_list":["post-3969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","tag-assent","tag-bills","tag-committee","tag-conference","tag-consideration","tag-passed","tag-reform","tag-tax"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/3969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=3969"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/3969\/revisions"}],"predecessor-version":[{"id":3970,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/3969\/revisions\/3970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/1234"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=3969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=3969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=3969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}