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Reps to engage experts on controversial tax reform bills

today11/07/2024

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The House of Representatives has expressed readiness to engage tax experts to brief it on the implications of the tax reform bills currently before the National Assembly for consideration.

The Deputy Spokesman of the House, Philip Agbese, in an exclusive interview with journalists in Abuja on Wednesday, expressed the readiness of the House to interface with Nigerians on the issue in town hall engagements.

Recall the Federal Executive Council recently introduced four executive bills aimed at streamlining the tax processes, establishing a unified revenue service, and simplifying financial obligations for businesses and citizens.

The reforms resulted from a months-long review of existing tax laws by the Taiwo Oyedele-led committee inaugurated in August 2023.

The committee’s recommendations were harmonised into four executive bills, which were transmitted to the National Assembly in September 2024.

Last week, the 36 state governors called for the withdrawal of the bills to allow room for more consultations.

Written by: bossgmsi

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