The 10th Senate yesterday passed President Bola Tinubu’s four controversial Tax Reform Bills for second reading.
This followed a lead debate on the bills presented by Senate Leader, Senator Opeyemi Bamidele and debated by senators during plenary.
The Bills are: A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No. 13, 2007 and enact the Nigeria Revenue Service (Establishment) Act to Establish the 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, 2024′.
‘A Bill for an Act to Provide for the assessment, collection of, and accounting for revenue accruing to the Federation, Federal, States and Local Government; prescribe the powers and funtions of tax authorities, and for related matters, 2024’.
‘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’.
Recall that some top officials in Tinubu’s government yesterday appeared before the Senate where they made detailed presentations on the Bills.
Northern governors, traditional rulers, and Northern Elders Forum had earlier rejected the bills, saying the proposed Bills were not in the interest of the nation.
Senator Ali Ndume, however, raised concerns on the sanctity of the reforms, saying it contradicts certain provisions of the Constitution. He insisted that the Constitution 1999 (as amended) should have been re-amended to reflect the desire of tax reform.
Ndume also cited the Bills rejection by Nigerian Governors’ Forum and the National Executive Council, as well as by traditional rulers and other stakeholders. Noting that he was not against the reforms as some provisions are good for the development of a robust tax administration system in Nigeria, he stressed that necessary steps should have been taken to follow due process in line with parliamentary rules.
Senate President, Godswill Akpabio after listening to Ndume, as well as presentations by Seriake Dickson and Mohammed Ali Monguno, who stoutly supported the Bills, passed them for second reading through voice vote.
