The Chairman, Senate Committee on Appropriation, Solomon Adeola, said yesterday that the tax reform bills presented to the National Assembly by President Bola Tinubu, altered the January to December National Assembly’s Budget Cycle tradition last year.
However, as controversy dogs the federal government’s tax reform bills, a landmark global survey, Public Trust in Tax 2024, has revealed that while most taxpayers recognise the principle of paying taxes as a contribution to society, trust in how governments utilises tax revenues remains low.
Adeola, who is representing Ogun West Senatorial District in the Senate, told journalists in Abuja that efforts to pass landmark tax reform bills distracted the federal lawmakers from adhering to the January-to-December budget cycle, started by the 9th National Assembly.
He, nevertheless, assured Nigerians that members of the Senate and House of Representatives were working hard to meet the January 31, 2025 deadline for the passage of the 2025 appropriation bill.
