by Nurat Uthman
The House of Representatives has expressed its readiness to engage tax experts to brief it on the implications of the Tax Reform Bills currently before the National Assembly for consideration.
The deputy spokesman of the House, Mr Philip Agbese, disclosed this on Wednesday in Abuja.
Recall that President Bola Tinubu and the Federal Executive Council recently introduced four executive bills aimed at streamlining the tax processes, establishing a unified revenue service, and simplifying financial obligations for businesses and citizens.
The reforms resulted from a months-long review of existing tax laws by the Taiwo Oyedele-led committee, which was inaugurated in August 2023. The committee’s recommendations were harmonised into four executive bills, which were transmitted to the National Assembly in September 2024.
Last week, the 36 state governors called for the withdrawal of the bills to allow for more consultations. This followed the earlier position taken by 19 state governors who rejected the bill on the grounds that it was against the interests of the North and the state governments.
Notwithstanding the position of the governors, the Presidency has insisted that the bills should be considered by Parliament, while not ruling out possible reviews by federal lawmakers.
