The Senate has scheduled a public hearing from Monday to Tuesday next week on the Tax Reform Bills submitted by President Bola Ahmed Tinubu to the National Assembly in October last year for thorough scrutiny.
The four bills under review include: The Nigeria Tax Bill (NTB) 2024, The Nigeria Tax Administration Bill (NTAB) 2024, The Nigeria Revenue Service (Establishment) Bill (NRSEB) 2024, and The Joint Revenue Board (Establishment) Bill (JRBEB) 2024.
These bills were passed for a second reading in the Senate last November and subsequently referred to the Committee on Finance for further legislative input through a public hearing.
These bills were passed for second reading in the Senate on November last year and forwarded to the Committee on Finance for more legislative inputs through public hearing
However, while briefing newsmen after a closed-door meeting with committee members ahead of the public hearing, the Chairman of the Senate Committee on Finance, Senator Mohammed Sani Musa (Niger East), explained that the scheduled public hearing follows extensive consultations with relevant stakeholders.
He emphasized the need to review the gray areas in the bills to ensure they serve the best interests of Nigerians.
Senator Sani Musa further stated that deliberations on the Joint Revenue Board (Establishment) Bill and the Nigeria Revenue Service (Establishment) Bill will take place on Monday, while discussions on the Nigeria Tax Administration Bill and the Nigeria Tax Bill will be held on Tuesday.
He assured Nigerians that the bills, which were designed to enhance the nation’s economic landscape, will undergo thorough scrutiny.
He also confirmed that all relevant and critical stakeholders, including approximately 71 agencies, are expected to participate in the public hearing.
Bashir M
