₦airaland Forum

TAX REFORM BILLS!

I have been preoccupied for the past week, having attended the World Halal Summit 2024 as a speaker at the invitation of the Presidency of the Republic of Turkiye. Consequently, I couldn't find time to read and review all the 4 bills, including the Nigeria Tax Administration Bill, 2024. However, over the last 40 hours, I have been reading them, particularly the Nigeria Tax Administrative Bill.

The bill has the potential to transform tax collection administration if improved and implemented in the national interest. Nevertheless, there are critical observations that need to be addressed, including a potential conflict with the Federal Republic of Nigeria's constitution.

Several sections of the Bill make me uncomfortable, primarily because they lack clear definitions, which could lead to significant challenges during implementation. Furthermore, regulatory bodies may exploit these ambiguities when developing their regulatory instruments.

In light of this, I offer two pieces of advice to the National Assembly (NASS):

i) Suspend Legislative Action for now as some of the challenges could not be addressed by the chambers alone. In leadership, the ability to change one's mind is a sign of intelligence and empathy, not weakness; and

ii) Allow for wider consultations on the bills, ensuring that all relevant stakeholders are contacted and any ambiguities are effectively reviewed and addressed.

Specifically, I recommend reviewing the following sections:

1) Section 3(3)

2) Section 7(6)

3) Section 8(2)

4) Section 23

5) Section 28

6) Sections 95, 96,
97, and 118

7) Section 141 (supremacy clause)

I believe that tax, constitutional, and business lawyers, among others, also have a significant role to play in improving the bills. As a policy researcher, I may also commend on the remaining 3 bills later.

Finally, the government must try to address the mistrust between it and its citizens, as our situation as a nation is deteriorating due to this mistrust. Citizens are largely suspicious. Building trust is crucial at this juncture for all arms and tiers of government. We must also prioritise our national interest over and above our personal interests. Issues must also be discussed objectively and critically.

May we continue to serve our country diligently and honestly, praying to Allah to bless the Federal Republic of Nigeria.

Isa Ali Ibrahim (Pantami), CON

NLCreator:
https://x.com/ProfIsaPantami/status/1863826034719650169?s=19[/quote]He has not made any point

TooMuchStuff:
No need to read the Tax Bill. No need at all.

Akpabio our guy....hit that gavel on the rock table and scream...da Yea Haff it...gbammm. That's all

Tinubu quickly sign the Rugged bill to LAW.

Dpharisee:
The way APC bots rush to fill up page 1 on this platform has made Nairaland boring, I have to first of all look at the Moniker before reading comments so that I don't keep filling my brain with their over repeated propaganda. And the worst part is you will see a very useless comment getting 500 Likes just for writing "Toh"

Even if you are a diehard supporter of Tinubu sometimes you allow others to make their contrary opinions known before you counter it with superior arguments to make this place exciting but the opposite is the case here.

NLCreator:
https://x.com/ProfIsaPantami/status/1863826034719650169?s=19[/quote]Where was his deep analysis when the North handed only 3 percent to the oil and gas producing communities during Buharis Petroleum bill deliberations?? So he is this erudite? What happened to his thinking cap when the north was cornering everything?

Lack of empathy and deep thinking is the nemesis of Nigerias politicians. Lack of statesmanship. That petroleum law will ultimately result in another round of serious agitations in the future. This is a problem willfully created by a very parochial APC leadership.

NLCreator:
https://x.com/ProfIsaPantami/status/1863826034719650169?s=19[/quote]terrorist is also making an input. When we wanted bubu to sack u then, did he listen to us? Tpain won't list to you.

Frigga13:


It’s been proven that what elders see why sleeping ..
all this children won’t see even on an iroko ..


Obasanjo came and laced third term with so many goodies for Nigeria ..

He failed


Tinubu here again .. another Yoruba man is here again with tax reform .. with so many goodies to blind citizens of his intention and interest .. he already failed

And his Yoruba people has been everywhere explaining out .. it consciously not touching most important


They failed already


Make dem curse and abuse

Na the old eastern Nigeria that has lumped and will be the ones to wail much .. if this succeed .

Why is it that anytime Yoruba gets to villa .. they also want to grab and grab.. and always want to manipulate the system and the citizens

NLCreator:
https://x.com/ProfIsaPantami/status/1863826034719650169?s=19[/quote]The first paragraph was not needed. Pantanti was just using us to catch cruise in it.

Then, he didn’t mention what he found worrisome in the sections that he listed.

He said absolutely nothing.