President Bola Tinubu has signed into law, four landmark tax reform bills aimed at unifying Nigeria’s fragmented tax structure.
The new tax laws were also targeted at removing duplication, boosting investor confidence, and making the system fairer and more transparent.
The signing ceremony, which took place on Thursday at the Presidential Villa in Abuja, marked what the President described as a “bold and foundational shift” in Nigeria’s fiscal policy direction.
The four bills signed into law include the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill.
With the Bills signed into law, the Federal Government will commence the process of transmuting the Federal Inland Revenue Service (FIRS) to the Nigeria Revenue Service (NRS). READ MORE HERE.
