…to await President’s assent after Senate’s possible passage

The House of Representatives on Tuesday passed for third reading, the four tax reforms bills sent to the National Assembly in October 2024.

The House had at plenary on Thursday, considered and approved the report of the House Committee on Finance that worked on the bills and the submissions received from Nigerians.

The bills had generated series of controversy with Northern Leaders, the Nigeria Governors Forum and other interest groups opposing some sections of the bills.

At plenary on Tuesday, Leader of the House, Julius Ihonvbere moved for the bills to be read for the third time.

He said that “a bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States and Local Governments; Prescribe the Powers and Functions of Tax Authorities, and for Related Matters be read for the third time.

“That A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and Enact the Nigeria Revenue Service (Establishment) Bill to Establish Nigeria Revenue Service, charged with Powers of Assessment, Collection of, and Accounting for Revenue Accruable to the Government of the Federation and for Related Matters be read for the third time

“A Bill for an Act to Establish Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombud, for the Harmonisation, Coordination and Settlement of Disputes arising from Revenue Administration in Nigeria and for Related Matters be read for the third time

“A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks Relating to Taxation and Enact the Nigeria Tax Act to Provide For Taxation of Income, Transactions and Instruments, and for Related Matters be read for the third time”.

The four bills were unanimously voted on by members read for the third time as passed.

The bills will now be forwarded to the President for assent after the passage of the bills by the Senate and possible harmonisation of both the Senate and House version.

The bills had attracted serious opposition from members of the House, especially those from the North who argued that provisions contained in the bills were. Not in the interest of their people.

After series of engagement brokered by the Speaker, Abbas Tajudeen, the House held a three day public hearing followed by an eight day retreat for members to fine tune abs collate the views or a Nigerians before submitting their report to the House.