President Bola Tinubu’s Senior Special Assistant on Media and Publicity, Temitope Ajayi, has outlined how the controversial Tax Reform Bills are designed to enhance states’ revenue generation and economic growth. The bills – the Nigeria Tax Bill 2024, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill – have … Read more
Taiwo Oyedele, Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, has firmly rejected any plans to engage Alpha-Beta Consulting or other external consultants for tax collection. EKO HOT BLOG reports that speaking at a town hall meeting hosted by Channels Television on Monday, Oyedele addressed concerns regarding the use of external consultants … Read more
The National Economic Council (NEC) on Thursday advised President Bola Tinubu to withdraw the proposed Tax Reform Bill from the National Assembly to enable further consultations and consensus-building. Oyo State Governor Seyi Makinde revealed this decision while briefing State House correspondents after the 144th NEC meeting, chaired by Vice President Kashim Shettima at the Presidential … Read more
President Bola Ahmed Tinubu has submitted four tax reform bills to the House of Representatives, requesting their consideration and swift passage. The announcement was made during a plenary session on Thursday, where Speaker Abbas Tajudeen read the President’s letter, highlighting the importance of the proposed legislation. The bills aim to align with Tinubu’s administration’s objectives … Read more
The Federal Inland Revenue Service (FIRS) has revealed plans to introduce an e-invoicing platform aimed at improving Nigeria’s tax administration system. The digital platform, called FIRS e-Invoice, is designed to streamline invoice processing in compliance with the Tax Administration and Enforcement Act of 2007. FIRS Executive Chairman, Zacchaeus Adedeji, announced this during a stakeholders’ engagement … Read more
EKO HOT BLOG reports that the administration of President Bola Tinubu is working to reduce taxes from the current 62 to a maximum of nine, to create a more business-friendly environment in the country. Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, disclosed this at the 2023 annual conference of Institute of … Read more
The Lagos government has taken a significant step in its efforts to reform the tax system in the state. The government signed a deal with the federal government to enhance the system’s efficiency. The state governor expressed hopes that the agreement will help to check double taxation and widen the tax base. Eko Hot Blog … Read more