TAX REFORM, REPS DIVIDED AS BILLS SCALE SECOND READING

The House of Representatives on Wednesday debated the four tax bills transmitted to the National Assembly for consideration and passage by President Bola Tinubu.

The bills scaled second reading after the lawmakers reached a consensus on the contentious Value Added Tax provisions during plenary.

In 2024, President Bola Tinubu transmitted four tax bills to the National Assembly for consideration and passage, following the recommendations of the Presidential Taskforce on Fiscal Policy and Tax Reforms headed by Taiwo Oyedele.