The National Assembly is set to pass the controversial tax reform bills into law in the first quarter (Q1) of 2025.
The development was disclosed by the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, who also noted that the implementation of the bills will commence in July.
The NASS is expected to resume deliberations on the bills after the suspension of actions on it last year.
Recall that, President Bola Tinubu on October 13, 2024, asked the National Assembly to consider and pass four tax reform bills which since received huge backlash, especially from those who labelled it as anti-north.
However, last week, the bills received the backing of the Nigerian Governors Forum (NGF) who also proposed a new equitable sharing formula for VAT.
