• About
  • Advertise
  • Contact
Thursday, August 7, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

President Tinubu Signs Tax Reform Bills Into Law

Vital News by Vital News
June 26, 2025
in Business, Economy, News
0
President Tinubu Signs Tax Reform Bills Into Law
Share on FacebookShare on Twitter

President Bola Tinubu on Thursday signed the four tax reform bills into law at a brief ceremony held inside Aso Rock.

The new tax laws touched on
key areas of Nigeria’s fiscal and revenue framework.

The president signed the bills at about 03:20pm.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

The bills were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

RelatedStories

President Tinubu Orders Free Healthcare, Increase In Monthly Pension For Retirees Under CPS

How Fuji Musician, Wasiu Ayinde Spilled Alcohol On Pilot, Security Officer At Abuja Airport – FAAN

Tragedy : Ghana’s Defence, Science Ministers, Six Others Killed in Military Helicopter Crash

Gov. Abiodun Mourns Passing Of Dr. Doyin Abiola

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” according to Bayo,Onanuga, the presidential spokesman.

The presidential assent to the bills was witnessed by the Senate President, Speaker of the House of Representatives, Senate Majority Leader, House Majority Leader, chairman of the Senate Committee on Finance, and his House counterpart.

The Chairman of the Governors Forum, Abdulrahman Abdulrazaq of Kwara State; the Chairman of the Progressives Governors Forum, Hope Uzodinma of Imo State; the Minister of Finance and Coordination Minister of the Economy, Wale Edun; and the Attorney-General of the Federation, Lateef Fagbemi, were also at the ceremony.

One of the four bills is the Nigeria Tax Bill (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute.

“By reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment,” said the Presidency in a statement Wednesday night.

The second bill, the Nigeria Tax Administration Bill, will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.

The Nigeria Revenue Service (Establishment) Bill, the third bill, repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency— the Nigeria Revenue Service.

It defines the NRS’s expanded mandate, including non-tax revenue collection, and lays out transparency, accountability, and efficiency mechanisms.

The fourth bill is the Joint Revenue Board (Establishment) Bill.

It provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government.

It introduces essential oversight mechanisms, including establishing a Tax Appeal Tribunal and an Office of the Tax Ombudsman.
(vitalnewsngr.com)

Tags: billssigntaxTinubu
Previous Post

INEC Fixes August 16 For Conduct Of Bye – elections In 12 States

Next Post

Police Arrest Ondo Traditional Ruler For Abducting, Raping 12-year-old girl

Vital News

Vital News

RelatedStories

President Tinubu Orders Free Healthcare, Increase In Monthly Pension For Retirees Under CPS
Health

President Tinubu Orders Free Healthcare, Increase In Monthly Pension For Retirees Under CPS

August 6, 2025
How Fuji Musician, Wasiu Ayinde Spilled Alcohol On Pilot, Security Officer At Abuja Airport – FAAN
Aviation

How Fuji Musician, Wasiu Ayinde Spilled Alcohol On Pilot, Security Officer At Abuja Airport – FAAN

August 6, 2025
Aviation

Tragedy : Ghana’s Defence, Science Ministers, Six Others Killed in Military Helicopter Crash

August 6, 2025
Ex-MD of Concord Newspapers And Wife of Late MKO Abiola, Doyin Abiola Dies At 82
News

Gov. Abiodun Mourns Passing Of Dr. Doyin Abiola

August 6, 2025
AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries
Agriculture/ Water/ Mineral

AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

August 6, 2025
Next Post
IGP Reiterates Ban On Public Parade Of Suspects

Police Arrest Ondo Traditional Ruler For Abducting, Raping 12-year-old girl

FG Empowers 3,700 Women With Tricycles

FG Empowers 3,700 Women With Tricycles

Kwara To Administer Drug Test On 1,800 Newly Recruited Teachers

13 Years After Existence, Kwara Dissolves Harmony Holdings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

South West APC leaders affirm Tinubu, Osinbajo, others right to contest presidency

3 years ago
GEORGIA (ГРУЗИЯ) IN TURMOIL : An Analysis by Lawal Sale

GEORGIA (ГРУЗИЯ) IN TURMOIL : An Analysis by Lawal Sale

8 months ago
Ahead Elections, CAN Urges Nigerians To Shun Divisive Tendencies

Ahead Elections, CAN Urges Nigerians To Shun Divisive Tendencies

2 years ago
Hezbollah Leader Nasrallah Killed In Israeli Air Strike – Official

Hezbollah Leader Nasrallah Killed In Israeli Air Strike – Official

10 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Gov. Abiodun Mourns Passing Of Dr. Doyin Abiola

AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

Dangote Bags ‘Cement Company Of The Year’ Award At Africa Housing Show

Ex-MD of Concord Newspapers And Wife of Late MKO Abiola, Doyin Abiola Dies At 82

Governor Ododo Congratulates D’Tigress On Afrobasket Victory

EXPLAINER : Understanding Taiwan Question And One-China Principle/Policy By Lawal Sale

Trending

President Tinubu Orders Free Healthcare, Increase In Monthly Pension For Retirees Under CPS
Health

President Tinubu Orders Free Healthcare, Increase In Monthly Pension For Retirees Under CPS

by Vital News
August 6, 2025
0

President Bola Tinubu has directed the expedited rollout of the free healthcare access initiative for low-income retirees...

How Fuji Musician, Wasiu Ayinde Spilled Alcohol On Pilot, Security Officer At Abuja Airport – FAAN

How Fuji Musician, Wasiu Ayinde Spilled Alcohol On Pilot, Security Officer At Abuja Airport – FAAN

August 6, 2025

Tragedy : Ghana’s Defence, Science Ministers, Six Others Killed in Military Helicopter Crash

August 6, 2025
Ex-MD of Concord Newspapers And Wife of Late MKO Abiola, Doyin Abiola Dies At 82

Gov. Abiodun Mourns Passing Of Dr. Doyin Abiola

August 6, 2025
AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

AfDB Lauds Gov. Ododo Over Commitment To Agriculture, Food Security, Includes Kogi Among SAPZ Beneficiaries

August 6, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • President Tinubu Orders Free Healthcare, Increase In Monthly Pension For Retirees Under CPS August 6, 2025
  • How Fuji Musician, Wasiu Ayinde Spilled Alcohol On Pilot, Security Officer At Abuja Airport – FAAN August 6, 2025
  • Tragedy : Ghana’s Defence, Science Ministers, Six Others Killed in Military Helicopter Crash August 6, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In