The four tax reform bills transmitted to the National Assembly in 2024 by President Bola Tinubu of Nigeria, has scaled second reading in the House of Representatives.
During plenary, a lawmaker, Sada Soli, feared that some sections of the new bills might contradict the 1999 constitution, as he pointed to the issue of derivation, stressing that it must be clearly defined, in order to avoid any ambiguity.
Similarly, other lawmakers drew attention to the 40 acts which the bill sought to amend, requesting that they should be laid before Parliament, as the lawmakers said the issue of multiple taxation involving property purchase provided in the bill should be addressed.
The bills scaled second reading on the floor of the Green Chamber six months after the President transmitted them to the National Assembly for consideration, following the recommendations of the Taiwo Oyedele-led Committee on Fiscal Policy and Tax Reforms.
They include the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
The bill, having scaled second reading, would now be subjected to a public hearing.
