President Bola Tinubu will sign into law four tax reform bills initiated by his administration on Thursday.
The four bills – the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill had been passed by the National Assembly.
The Special Adviser on Information and Strategy to the President, Bayo Onanuga, disclosed this in a statement on Wednesday night in Abuja.
READ ALSO: Senate passes 2 key tax reform bills
It read: “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.
“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. ”
The post Tinubu to sign tax reform bills on Thursday appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
