Utweets
The Senate on Wednesday said it would on Monday begin further consideration of the Tax Reform Bills forwarded to the National Assembly in October 2024 by President Bola Ahmed Tinubu....READ THE FULL CONTENT FROM THE SOURCE | READ THE FULL CONTENT FROM THE SOURCE
The four bills, Nigeria Tax Bill; Nigeria Tax Administration Bill; Nigeria Revenue Service (Establishment) Bill; and the Joint Revenue Board (Establishment) Bill, are meant to reform tax administration, collection and operation in Nigeria, according to President Tinubu.
The Chairman, Senate Committee on Finance, Senator Sani Musa, who disclosed this in Abuja, said the two-day public hearing would take place on February 24 and February 25.
He explained that the decision of the Senate to commence the hearings followed a series of consultations held with stakeholders across the country to iron out areas of concerns in the bills.
Musa said “We have had an engagement with a lot of stakeholders before arriving at where we are today, and I believe that the public hearing is going to go on smoothly.
“Wherever the grey areas are, Mr President has said it, times without number, that he is not going to interfere. It is our duty as legislators to do the needful for the good of this country.
We are all representatives of different tribes, religions, geographic history, but we are Nigerians. And what we will work towards giving Nigeria are laws, legislation that will put us on track economically, and by the grace of God, we will succeed.”
Musa told reporters that every segment of the country was free to attend the hearings and offer their suggestions, besides the key agencies and officials of the government already invited.
Musa added: “We have invited a lot of agencies. Just to mention a few of those agencies that we believe that they are key to this; like the Federal Minister of Finance, the Coordinating Minister of Economy, we invited Federal Minister of Trade and Investment, we have invited Anthony General of the Federation.
We have also invited the Minister of Petroleum, because you know there is this issue of cash calls, like the revenues, the royalties coming from the oil and gas sectors.
“We are inviting the Chairman of Federal Inland Revenue Services, we are also inviting the Statistician-General of Nigeria, that’s I mean National Bureau for Statistics, so that he will be able to come and give us his own submission. We need it.”..CONTINUE THE FULL READING HERE:
