{"id":57262,"date":"2024-11-28T15:56:21","date_gmt":"2024-11-28T15:56:21","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=57262"},"modified":"2024-11-28T15:56:21","modified_gmt":"2024-11-28T15:56:21","slug":"four-major-tax-reform-bills-scales-second-reading","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/11\/28\/four-major-tax-reform-bills-scales-second-reading\/","title":{"rendered":"Four Major Tax Reform Bills Scales Second Reading"},"content":{"rendered":"<p><em><strong>By Alexis Uchendu<\/strong><\/em><\/p>\n<p>The Nigerian Senate has advanced four critical tax reform bills to the second reading, marking a significant step in President Bola Tinubu&#8217;s agenda to overhaul the nation&#8217;s tax system.<\/p>\n<p>During Thursday\u2019s plenary session, Senate Majority Leader Opeyemi Bamidele introduced the bills, highlighting their potential to streamline revenue collection, improve accountability, and resolve tax-related disputes across the country.<\/p>\n<p>Among the key proposals is the Joint Revenue Board, Tax Appeal Tribunal, and Tax Ombud Bill (SB. 583), which seeks to establish specialized bodies for harmonizing and resolving revenue administration conflicts.<\/p>\n<p>Another pivotal piece of legislation is the Nigeria Revenue Service Bill (SB. 584), which aims to replace the Federal Inland Revenue Service Act, creating a more powerful Nigeria Revenue Service tasked with assessing, collecting, and managing government revenues.<\/p>\n<p>The Revenue Administration Bill (SB. 585) focuses on setting clear guidelines for revenue assessment and collection at all levels of government, while the Nigeria Tax Act (SB. 586) looks to repeal outdated tax laws and simplify the tax collection process across various sectors.<\/p>\n<p>These legislative steps are central to President Tinubu&#8217;s efforts to strengthen Nigeria\u2019s fiscal framework, enhance tax compliance, and drive economic growth.<\/p>\n<p>As the bills advance, the nation anticipates more streamlined and effective tax policies that will support sustainable development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alexis Uchendu The Nigerian Senate has advanced four critical tax reform bills to the second reading, marking a significant step in President Bola Tinubu&#8217;s agenda to overhaul the nation&#8217;s tax system. During Thursday\u2019s plenary session, Senate Majority Leader Opeyemi Bamidele introduced the bills, highlighting their potential to streamline revenue collection, improve accountability, and resolve [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":57186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59,630],"class_list":["post-57262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured","tag-tax-reform"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/57262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=57262"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/57262\/revisions"}],"predecessor-version":[{"id":57263,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/57262\/revisions\/57263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/57186"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=57262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=57262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=57262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}