President Bola Tinubu will today sign into law four groundbreaking tax reform bills that would transform Nigeria’s fiscal and revenue framework.
According to a statement issued yesterday, by presidential spokesperson, Bayo Onanuga, the four bills, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, were passed by the National Assembly after extensive consultations with various interest groups and stakeholders.
When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.
