Speaking on the matter, Bwala emphasized that the reforms, including the proposed amendment to the distribution of Value Added Tax (VAT) revenue, reflect Tinubu’s vision for a more equitable tax system in Nigeria.
The bills are: The Nigeria Tax Bill 2024, which is expected to provide the fiscal framework for taxation in the country; and the Tax Administration Bill, which will provide a clear and concise legal framework for all taxes in the country and reduce disputes.