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TAX REFORM BILLS
It is a fact that companies currently remit VAT based on the location of their headquarters even though internally many of them have information about consumption activities in each state.
Nigerian lawyers have shared their views on the proposed derivation of Value Added Tax (VAT) based on consumption.
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has stated that the need to pass the Tax Reforms Bills is "urgent" because most Nigerians are struggling.
Tax Reform Bills: Tinubu directs AGF to work with NASS in addressing genuine concerns before passage
President Bola Tinubu has directed the Attorney-General of the Federation, Lateef Fagbemi SAN, to work with the National Assembly in addressing "genuine concerns" associated with the Tax Reform Bills before their passage by the lawmakers.
“Bros, I dey hail oh “I dey greet. What’s up? “We couldn’t finish our gist last week. But...
Akintunde Oyebode, Ekiti State Commissioner for Finance and Chair of the Forum of State Commissioners for Finance in Nigeria, has faulted the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) for not leading the conversation on the contentious tax reform bills.
Former Senate Chief Whip, Senator Ali Ndume, has once again called for the withdrawal of the controversial tax reform bills currently being read in the Senate, urging for more extensive consultation.
The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has stated that taxes should be transparent and fair in Nigeria to avoid overburdening individuals and businesses.