The newly inaugurated president of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, has urged tax professionals to take special interest in the tax reform bills as he highlighted inherent opportunities.
Ohagwa made this call during his acceptance speech at his investiture ceremony held in Lagos.
The Nigerian tax reform bills, including the Nigeria Tax Bill, the Nigeria Revenue Service (Establishment) Bill, the Nigeria Tax Administration Bill, and the Joint Revenue Board (Establishment) Bill, aim to modernise the Nigerian tax system and improve revenue collection.
These bills have been passed by the National Assembly and are now awaiting presidential assent.
In his Democracy Day speech at the National Assembly, President Bola Tinubu said that he looked forward to signing the bills, saying, “I am deeply grateful to both chambers for your thorough consideration and deliberation of these bills, and I look forward to signing them into law soon.”
