Reps Approve New Tax Reform Bills

The House of Representatives passed the four tax reform bills on Tuesday, which were transmitted to the National Assembly by President Bola Tinubu in October 2024.

Recall that the House had on Thursday last week, considered and approved the report of the House Committee on Finance which made some recommendations, particularly in controversial areas such as the Value Added Tax and inheritance tax.

While awaiting the Senate to similarly pass the bills, the proposed reforms are expected to be transmitted to the President for his assent in the days ahead.

Details shortly…