The House of Representatives Committee on Finance has introduced significant modifications to the tax reform bills submitted by President Bola Ahmed Tinubu, retaining some provisions, removing contentious clauses, and adding new ones.
Presenting the committee’s report at the resumption of plenary, Committee Chairman Rep. James Abiodun Faleke outlined the proposed changes, which include adjustments to VAT rates, inheritance tax, funding for key agencies, and corporate tax rates.
Key Changes Recommended by the Committee
