House of Reps pass Tinubu’s tax reform bills into law

The four tax reform bills transmitted to the National Assembly in October 2024 by President Bola Tinubu on Tuesday passed into law by the House of Representatives.

It would be recalled that the House had, on Thursday last week, considered and approved the report of the House Committee on Finance, which made some recommendations, particularly in controversial areas such as the Value Added Tax and inheritance tax.

While awaiting the Senate to similarly pass the bills, the proposed reforms are expected to be transmitted to the President for his assent in the days ahead.

Source: PUNCH