₦airaland Forum

The Senate has constituted a committee headed by the Minority Leader, Senator Abba Moro (PDP, Benue South) to address the grey areas in the tax reform bills and report back to the committee of the whole before public hearing on the bills.

The Deputy Senate President Barau I Jibrin (APC, Kano North) announced this during plenary on Wednesday.

Barau who presided over the session said there were controversies over the bills, adding that the committee was saddled with the responsibility of consulting with the Attorney General of the Federation (AGF), the executive arm and other critical stakeholders.


President Bola Ahmed Tinubu had on October 3, 2024, transmitted to the National Assembly, four tax reform bills, in a letter, read by the Senate President Godswill Akpabio, and Speaker of the House of Representatives, Hon Tajuddeen Abbas, during separate plenaries of the two chambers.

Tinubu said the bills would bolster Nigeria’s fiscal institutions, adding that they were in line with his government’s broader development objectives for the country.

But Nigerians including governors, traditional rulers, civil society organisations, some federal lawmakers and others have kicked against the bills.

Barau also named Senators Titus Zam (APC, Benue North West), Orjir Uzor Kalu (Abia North), Sani Musa (APC, Niger East), Abdullahi Yahaha (Kebbi North) among others as members of the committee.

cjudy:
I thought their Oga had his way, the one they classified after God. Why not approve the Reform na. Since he came into power people in that country knows no peace. New Tax every week. Soon they’re going to tax the air they breathe him. Heard you now pay 50naira for every transaction you receive and the money is going to FG account. Tax Tax Tax. Northerners go humble una

cjudy:
I thought their Oga had his way, the one they classified after God. Why not approve the Reform na. Since he came into power people in that country knows no peace. New Tax every week. Soon they’re going to tax the air they breathe him. Heard you now pay 50naira for every transaction you receive and the money is going to FG account. Tax Tax Tax. Northerners go humble una

phemray:
You don't want to pay tax in Nigeria but willing and paying every tax outside the country. Nigeria will be gr8

simpleseyi:
Cry well well

phemray:
You don't want to pay tax in Nigeria but willing and paying every tax outside the country. Nigeria will be gr8

cjudy:
I pay it in a country that uses it not a country that the government officials embezzled it. One of your saint got 753 duplexes in the capital territory. Are you not worried what others are doing with your so called tax?

AntiChristian:

givedemwotowoto:
I don't have a problem with amending VAT revenue share, but if you're not also amending oil revenue share to match, you're not being fair to oil producing states. In case you think oil producing states are getting enough from 13% derivation, I made a post to show how oil revenue share compares with the newly proposed VAT revenue share.

Basically, if Rivers generates N100 billion for Nigeria, they get only about N19 billion after revenue is shared. But with this proposed new VAT bill, if Lagos generates N100 billion, they could share up to N36 billion naira. Is that fair?

https://www.nairaland.com/8284004/vat-reform-how-proposed-vat

phemray:
You are correct but those countries started doing the right things several years back not today. Nigeria is just starting to abolish the tax laws of 1930 and the tax will be utilised well now unlike the much corrupt systems we are used to for years.

prinsam30:
Other country system is working fine can u confidently say that about ur country, technically the answer is NO... Rather they siphon the money to them Selves and life goes on

Ikpunekenwa:
Like same buhari APC brought that crippled Nigerias hope?

Fiscus105:
Last last you will pass it, I doubt if you know the man that is beating the drum for you guys to dance.

phemray:
You are correct but those countries started doing the right things several years back not today. Nigeria is just starting to abolish the tax laws of 1930 and the tax will be utilised well now unlike the much corrupt systems we are used to for years.

phemray:
You don't want to pay tax in Nigeria but willing and paying every tax outside the country. Nigeria will be gr8

phemray:
You don't want to pay tax in Nigeria but willing and paying every tax outside the country. Nigeria will be gr8

mannobi:
In all, this reform must work o. It will take away burden from low income earners, if you park five cars in your garage, be ready to pay more taxes which is what is applicable in western countries.
We cannot continue to operate like this and expect a change.
Whoever is not happy with the bill is the real enemy of Nigeria.