6 h. ago Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills 

Tribune Online Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills  …opposes VAT increase, reduction in funding of TETfund, NASENI, NITDA as Sharia Council lists concerns in tax bills The Kano state government on Wednesday kicked against the constitutionality of certain provisions of the tax reform bills, specifically those granting the federal government extensive powers over state and local tax authorities.  The Permanent Secretary, Office of the […] Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills  Tribune Online

Economics

9 h. ago Customs Service Faces Existence Threat From Proposed Tax Reform Bills – NCS Boss

Bashir Adeniyi, Comptroller-General of the Nigeria Customs Service (NCS), has expressed concerns that the proposed tax reform bills pose a significant threat to the existence of the customs service. Speaking at a public hearing organised by the House of Representatives Committee on Finance, Adeniyi highlighted key objections contained in a 17-page memorandum submitted by the […] The post Customs Service Faces Existence Threat From Proposed Tax Reform Bills – NCS Boss appeared first on Information Nigeria.

Economics

14 h. ago Tax Reform Bills: Sharia Council, FCT Imams, Kano Govt, Yadudu Reject VAT Rise, Others

The Supreme Council for Shariah in Nigeria, Committee of FCT Imams Initiative, Kano State Government, and former Presidential Adviser Professor Auwalu Yadudu have raised concern about the proposed law on inheritance, saying it will infringe on the religious rights of Christians and Muslims. The stakeholders disclosed this on Wednesday during their various presentations at the […]

Economics

21 h. ago Tax reforms bills will legislate Customs out of existence, says CG

Bashir Adeniyi, Comptroller General of the Nigeria Customs Service have raised concerns that the proposed Tax reform bills are in read more Tax reforms bills will legislate Customs out of existence, says CG

Economics

22 h. ago Why we back tax reform bills — Fiscal Responsibility Commission

Tribune Online Why we back tax reform bills — Fiscal Responsibility Commission The Fiscal Responsibility Commission (FRC) has listed job creation, growth stimulation through investment, and diversification of revenue sources among the compelling reasons to back President Bola Tinubu's tax reform bills. Why we back tax reform bills — Fiscal Responsibility Commission Tribune Online

Economics

38 h. ago Tax reform: Senate plans review as Customs, ASUU fault provisions

The Academic Staff Union of Universities, on Tuesday, warned against the proposed withdrawal of the education tax to the Tertiary Education Trust Fund as contained in the tax reform bills currently undergoing public hearing at the National Assembly. The President of the union, Prof Emmanuel Osodeke, said the scrapping of TETFund could lead to the Read More

Politics

44 h. ago Remove Sections In Tax Reform Bill Conflicting With Sharia Law – NSCIA Tells Senate

Nigerian Supreme Council for Islamic Affairs has appealed to Senate to remove sections of the controversial tax reform bills that conflict with Sharia law. NSCIA, in a letter submitted to the upper chamber on Tuesday, urged the lawmakers to address some parts regarding marriage and inheritance in the bill. The council also called on the […] The post Remove Sections In Tax Reform Bill Conflicting With Sharia Law – NSCIA Tells Senate appeared first on Information Nigeria.

Economics

44 h. ago Nigeria to attain $1tn economy through tax reform bills – Senate

The Nigerian Senate has said that the proposed Tax Reform Bills will serve as a critical step in achieving President read more Nigeria to attain $1tn economy through tax reform bills – Senate

Economics

46 h. ago Remove tax bill sections conflicting with Sharia, NSCIA urges Senate

The Nigerian Supreme Council for Islamic Affairs has urged the Senate to remove sections of the tax reform bills that conflict with Sharia law, particularly regarding marriage and inheritance. The NSCIA made the appeal in a memorandum submitted to the Senate Committee on Finance on Tuesday. The council also called on the upper chamber to Read More

Economics

67 h. ago Tinubu to Senate: Tax reform bills not skewed against any section of the country

Tribune Online Tinubu to Senate: Tax reform bills not skewed against any section of the country President Bola Ahmed Tinubu has once again reassured Nigerians that the proposed tax reform bills before both chambers of the National Assembly are not skewed against any section of the country. The Senator representing Niger East and Chairman of the Senate Committee on Finance, Sani Musa, restated President Tinubu’s assurance on Monday while speaking at […] Tinubu to Senate: Tax reform bills not skewed against any section of the country Tribune Online

Economics

67 h. ago Six contentious clauses lawmakers may amend in tax reform bills

The four tax bills before the National Assembly intended to reform Nigeria’s tax system, which has been described as one read more Six contentious clauses lawmakers may amend in tax reform bills

Economics

68 h. ago Tax reform bill: Allow Sharia, customary laws to deal with section of inheritance, ACF urges NASS

Tribune Online Tax reform bill: Allow Sharia, customary laws to deal with section of inheritance, ACF urges NASS The mouthpiece of the North Arewa Consultative Forum (ACF) has submitted a report containing comprehensive set of observations and recommendations to the National Assembly, saying Sharia, customary laws should be given jurisdiction on religious matter of inheritance. Tax reform bill: Allow Sharia, customary laws to deal with section of inheritance, ACF urges NASS Tribune Online

Economics

3 d. ago 70% Of Nigerians Don’t Pay Tax Despite High Expectations From Gov’t – Akpabio

The Senate President, Senator Godswill Akpabio, has disclosed that not more than 30% of Nigerians pay tax to the federal government, despite high expectations for improved infrastructure, education, and security. Akpabio stated this yesterday in Abuja while declaring open the public hearing on foue tax reform bills forwarded to the National Assembly on October 3, […]

Economics

3 d. ago Tax reform: N’Assembly engages caucus leaders as hearing begins

After weeks of uncertainty, the Senate will today (Monday) commence a public hearing on the tax reform bills. On Tuesday, the House of Representatives will open its doors for stakeholders’ input on the controversial bills, which sparked intense debate during plenary two weeks ago before their eventual passage for second reading. The Chairman of the Read More

Politics

4 d. ago Tax reform bills won’t harm Free Trade Zones, NEPZA assures stakeholders

NEPZA has reassured operators and enterprises within the country’s Free Trade Zones (FTZs) that the proposed 2024 Tax Reform Bills. read more Tax reform bills won’t harm Free Trade Zones, NEPZA assures stakeholders

Economics

7 d. ago Senate Committee To Hold Public Hearing On Tax Reform Bills From February 24

The Senate Committee on Finance has announced that it will commence a two-day public hearing on the tax reform bills starting from February 24. This development, disclosed in Wednesday during plenary, is aimed at reforming the tax administration, collection, and operations of taxes in Nigeria. According to Senator Sani Musa, Chairman of the Senate Committee […] The post Senate Committee To Hold Public Hearing On Tax Reform Bills From February 24 appeared first on Information Nigeria.

Economics

7 d. ago Tax Reform Bills: Senate Set For Public Hearings, Invites 71 Stakeholders

The Senate, through its Committee on Finance, will hold a tow-day public hearing on Tax Reform Bills on Monday and Tuesday next week. The bills were forwarded to both chambers of the National Assembly on October 3, 2024, by President Bola Tinubu. The tax reform bills include: “The Nigeria Tax Bill (NTB) 2024,The Nigeria Tax […]

Economics

9 d. ago JUST IN: Reps to hold public hearing on tax reform bills February 26

The chas fixed February 26, for the public hearing of the tax reform bills, following their passage for a second reading by both chambers of the National Assembly. The decision to hold a public hearing where input from the public would be collated was announced by Speaker Tajudeen Abbas during plenary on Tuesday. To this Read More

Economics