The Senate special committee tasked with liaising with the Federal Government on the controversial tax reform bills has yet to meet with the Attorney-General of the Federation (AGF), Lateef Fagbemi, SAN, despite earlier announcements. Two weeks ago, the Senate constituted a committee to engage with the AGF following President Bola Tinubu’s directive for the executive … Read more
The Nigerian Senate has formed a committee to address the unclear aspects of the widely debated Tax Reform Bills, with the goal of providing a comprehensive report before the public hearing on the legislation. EKO HOT BLOG reports that the committee will be chaired by the Minority Leader, Senator Abba Moro (PDP, Benue South). The … Read more
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has explained the reasoning behind the proposal to rename the Federal Inland Revenue Service (FIRS) to the Nigeria Revenue Service (NRS). EKO HOT BLOG reports that the name change is part of the Nigeria Revenue Service Establishment Bill, currently before the National … Read more
The Senate has passed four tax reform bills for second reading during Thursday’s plenary session. Following the approval, Senate President Godswill Akpabio referred the bills to the Finance Committee, chaired by Senator Sani Musa (APC, Niger East), for further legislative work and a report back within six weeks. Before deliberating on the bills, the Senate … Read more