{"id":343934,"date":"2024-10-31T16:40:01","date_gmt":"2024-10-31T15:40:01","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=343934"},"modified":"2024-10-31T16:40:01","modified_gmt":"2024-10-31T15:40:01","slug":"tax-reform-bill-to-enhance-nigerias-growth-its-not-against-northerners-presidency","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/10\/31\/tax-reform-bill-to-enhance-nigerias-growth-its-not-against-northerners-presidency\/","title":{"rendered":"Tax Reform Bill to enhance Nigeria&#8217;s growth; it&#8217;s not against northerners \u2013 Presidency"},"content":{"rendered":"<ul>\n<li><strong>He disclosed that the reforms were a product of an extensive review of existing tax laws.<\/strong><\/li>\n<li><strong>He noted that the National Assembly is considering four executive bills designed to transform and modernise Nigeria\u2019s tax landscape<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>The <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/10\/28\/tinubu-never-called-himself-petroleum-minister-presidency\/\">Presidency<\/a> on Thursday stated that the proposed Tax Reform bill is aimed at revamping and simplifying Nigeria&#8217;s tax collection processes to bolster economic growth.<\/p>\n<p>Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known while defending the bill which has received pushback in certain part of the country.<\/p>\n<p>Recall that the Federal Executive Council, which Tinubu presided, recently endorsed new policy initiatives aimed at streamlining Nigeria\u2019s tax administration processes, enhancing efficiency and cutting out redundancies across the nation\u2019s tax operations.<\/p>\n<p>But the governors of 19 Northern States, under the platform of the Northern Governors\u2019 Forum, at their meeting recently, faulted the new derivation-based model for Value-Added Tax (VAT) distribution in the new tax reform bills before the National Assembly.<\/p>\n<p>Chairman of the Forum, Governor Muhammed Inuwa Yahaya of Gombe State presided over the meeting where the northern elites opposed the policy.<\/p>\n<p>Onanuga while reacting on behalf of the President, explained that the reforms are not aimed at undermining or giving undue advantage to any part of the country<\/p>\n<p>He disclosed that the reforms were a product of an extensive review of existing tax laws.<\/p>\n<p>He noted that the National Assembly is considering four executive bills designed to transform and modernise Nigeria\u2019s tax landscape.<\/p>\n<p>\u201cFirst is the Nigeria Tax Bill, which aims to eliminate unintended multiple taxation and make Nigeria\u2019s economy more competitive by simplifying tax obligations for businesses and individuals nationwide.<\/p>\n<p>\u201cThe Nigeria Tax Administration Bill (NTAB) proposes new rules governing the administration of all taxes in the country.<\/p>\n<p>\u201cIts objective is to harmonise tax administrative processes across federal, state and local jurisdictions for ease of compliance for taxpayers in all parts of the country.<\/p>\n<p>\u201cThe Nigeria Revenue Service (Establishment) Bill seeks to rename the Federal Inland Revenue Service (FIRS) as the Nigeria Revenue Service (NRS) to better reflect the mandate of the Service as the revenue agency for the entire federation, not just the Federal Government,\u201d Onanuga stated.<\/p>\n<p>He explained that the Joint Revenue Board Establishment Bill proposes the creation of a Joint Revenue Board to replace the Joint Tax Board, covering federal and all states\u2019 tax authorities.<\/p>\n<p>According to him, the bill also suggests establishing the Office of Tax Ombudsman under the Joint Revenue Board, which would serve as a complaint resolution body for taxpayers<\/p>\n","protected":false},"excerpt":{"rendered":"<p>He disclosed that the reforms were a product of an extensive review of existing tax laws. He noted that the National Assembly is considering four executive bills designed to transform and modernise Nigeria\u2019s tax landscape The Presidency on Thursday stated that the proposed Tax Reform bill is aimed at revamping and simplifying Nigeria&#8217;s tax collection [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":76900,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[44587,109,12856,84322],"class_list":["post-343934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-onanuga","tag-presidency","tag-tax","tag-tax-reform-bill"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tax Reform Bill to enhance Nigeria&#039;s growth; it&#039;s not against northerners \u2013 Presidency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2024\/10\/31\/tax-reform-bill-to-enhance-nigerias-growth-its-not-against-northerners-presidency\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Reform Bill to enhance Nigeria&#039;s growth; it&#039;s not against northerners \u2013 Presidency\" \/>\n<meta property=\"og:description\" content=\"He disclosed that the reforms were a product of an extensive review of existing tax laws. He noted that the National Assembly is considering four\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2024\/10\/31\/tax-reform-bill-to-enhance-nigerias-growth-its-not-against-northerners-presidency\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-31T15:40:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/08\/adewale_chocomilo\/2021\/08\/31\/tax-660x375-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"660\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Afolabi Hakim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Afolabihakim\" \/>\n<meta name=\"twitter:site\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Afolabi Hakim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2024\\\/10\\\/31\\\/tax-reform-bill-to-enhance-nigerias-growth-its-not-against-northerners-presidency\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/2024\\\/10\\\/31\\\/tax-reform-bill-to-enhance-nigerias-growth-its-not-against-northerners-presidency\\\/\"},\"author\":{\"name\":\"Afolabi Hakim\",\"@id\":\"https:\\\/\\\/www.withinnigeria.com\\\/news\\\/#\\\/schema\\\/person\\\/11c3572b598054b7529a9e48ca435c27\"},\"headline\":\"Tax Reform Bill to enhance Nigeria&#8217;s growth; 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