Leading debate on the bill, the leader of the Senate, Senator Opeyemi Bamidele, explained that it contains four bills.
By Deborah Hassan
365Daily – The Senate has passed the four tax reform bills forwarded by the federal government through second reading.
This is sequel to the consideration of the general principles of the Bills during plenary on Thursday, November 29, 2024.
Leading debate on the bill, the leader of the Senate, Sen. Opeyemi Bamidele, explained that the four bills are, “A Bill for an Act to Establish the Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombudsman for the harmonisation, coordination, and settlement of disputes arising from revenue administration in Nigeria and for related matters, 2024
“A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and enact the Nigeria Revenue Service (Establishment) Act to Establish the Nigeria Revenue Service, charged with powers of assessment, collection of, and accounting for revenue accruable to the Government of the Federation, and for related matters, 2024.
“A Bill for an Act to Provide for the assessment, collection of, and accounting for revenue accruing to the Federation, Federal, States, and Local Governments; prescribe the powers and functions of tax authorities, and for related matters, 2024.
“A Bill for an Act to Repeal certain Acts on taxation and consolidate the legal frameworks relating to taxation and enact the Nigeria Tax Act to provide for taxation of income, transactions, and instruments, and for related matters, 2024.”
When put to vote by the Senate President, Sen. Godswill Akpabio, the lawmakers approved the passage of the Bills.
They were referred to the Senate Committee on Finance for further legislative action. The committee is expected to report back to the Senate in six weeks.