{"id":62718,"date":"2025-03-13T14:47:37","date_gmt":"2025-03-13T14:47:37","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=62718"},"modified":"2025-03-13T14:47:37","modified_gmt":"2025-03-13T14:47:37","slug":"reps-pass-key-tax-reform-bills-reject-vat-hike","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/03\/13\/reps-pass-key-tax-reform-bills-reject-vat-hike\/","title":{"rendered":"Reps Pass Key Tax Reform Bills, Reject VAT Hike"},"content":{"rendered":"<p><strong>By Ifeoluwa Odunayo<\/strong><\/p>\n<p>The House of Representatives, on Thursday, advanced four crucial tax reform bills after a detailed clause-by-clause review at the Committee of the Whole, chaired by Speaker Abbas Tajudeen.<\/p>\n<p>Lawmakers resolved contentious issues, including the VAT distribution formula\u2014retaining 50% for equality, 20% for population, and 30% for consumption.<\/p>\n<p>They also rejected a proposed VAT increase, keeping the rate at 7.5%.<\/p>\n<p>Additionally, the House modified inheritance tax provisions, exempting pre-dissolution assets, and secured continued funding for TETFUND, NASENI, and NITDA.<\/p>\n<p>The bills now proceed to a third reading for final passage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ifeoluwa Odunayo The House of Representatives, on Thursday, advanced four crucial tax reform bills after a detailed clause-by-clause review at the Committee of the Whole, chaired by Speaker Abbas Tajudeen. Lawmakers resolved contentious issues, including the VAT distribution formula\u2014retaining 50% for equality, 20% for population, and 30% for consumption. They also rejected a proposed [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":62719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-62718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62718","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\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=62718"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62718\/revisions"}],"predecessor-version":[{"id":62720,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62718\/revisions\/62720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/62719"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=62718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=62718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=62718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}