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The federal government has announced that the National Assembly will pass the controversial tax reform bills into law by the end of the first quarter (Q1) of 2025.
The disclosure was made by Taiwo Oyedele, Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms over the weekend.
He said the implementation of the tax reform bills will commence in July 2025.
President Bola Tinubu submitted the four tax reform bills to the National Assembly on October 13, 2024, amidst criticism from leaders, particularly from those who labelled the bills as anti-north.
However, the bills recently received the backing of the Nigerian Governors Forum (NGF), which also proposed a new “equitable” sharing formula for Value Added Tax (VAT).
