Breaking: Reps pass tax reform bills

The House of Representatives has approved President Bola Tinubu’s long-awaited passage of the highly contentious tax reform bills that he had submitted to the National Assembly in October 2024.

The government’s efforts to reform Nigeria’s tax system are significant milestones.

Persecondnews recalls that the House reviewed and approved the House Committee on Finance’s report on Thursday, which contained some contentious recommendations, particularly in contentious areas like the value-added and inheritance tax.

The proposed tax reform proposals are expected to be sent to President Tinubu for his signature in the coming days while Senate approval and passage is on hold.

Source: Per Second News