Presidency rejects claim of secret tax law changes
The Presidency has rejected allegations that it secretly altered provisions of Nigeria’s new tax reform laws, insisting that no changes were made outside the proper legal and legislative process. The denial comes as former Vice President Atiku Abubakar, Labour Party’s 2023 presidential candidate Peter Obi, opposition parties and several civil society groups demand a halt to implementation and a thorough investigation. President Bola Tinubu signed four tax reform bills into law, which together form what the government calls the most far reaching overhaul of Nigeria’s tax system in decades. The new framework, anchored on the Nigeria Revenue Service, includes the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service Establishment Act and the Joint Revenue Board Establishment Act. According to the Federal Government, the reforms aim to simplify compliance, broaden the tax base, remove overlapping taxes and […]
