The Senate has passed the remaining two tax reform bills, completing legislative approval for all four key components of Nigeria’s sweeping tax policy overhaul.
These bills now proceed to the harmonisation phase, where a joint conference committee of the Senate and House of Representatives will reconcile any differences before forwarding the final versions to President Bola Ahmed Tinubu for assent.
This legislative milestone represents a major step in the government’s drive to simplify the tax system, strengthen revenue generation, and promote economic stability. The reform process has attracted wide attention due to its potential implications for individuals, businesses, and the broader economy.
Once harmonised, the consolidated bills will be presented to President Tinubu for final review and potential enactment into law.
This marks a pivotal advancement in Nigeria’s ongoing tax reform agenda, aimed at improving compliance, fostering transparency, and creating a more efficient and equitable taxation framework.
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