The House of Representatives has approved the Tax Reform Bills submitted by President Bola Tinubu following the consideration and approval of the report of the House Committee on Finance.
The Chairman of the Committee, James Faleke, submitted the report before the House at the plenary yesterday and it was subsequently approved.
In a related development, Faleke, has also assured Nigerians that the tax reform bills will result in laws that are fair and beneficial to all citizens.
Speaking to journalists yesterday in Abuja, after the House adopted the report on the four tax reform bills, Faleke emphasised that extensive consultations were made before finalizing the bills.
The bills are: Nigeria Revenue Service (Establishment) Bill, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, and the Joint Revenue Board (Establishment) Bill.
The four bills were read for the first time on the 8th of October 2024. However, the debate on the Bill had to be suspended following the controversy generated by the bills.
