NBA questions integrity of Tax Reform Act passage

NBA questions integrity of Tax Reform Act passage

By Joe Udo ABUJA (CONVERSEER) – The Nigerian Bar Association (NBA) has raised serious concerns over the credibility of Nigeria’s lawmaking process following controversies surrounding the recently enacted Tax Reform Act. In a strongly worded statement, the NBA warned that the circumstances under which the laws were passed cast doubt on the integrity, transparency and…

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Summary of the Tax Reform Act

Summary of the Tax Reform Act

ABUJA (CONVERSEER) – President Bola Tinubu has signed the Tax Reform Bills into law, which makes a major shift in our tax system. As a Nigerian, this new law directly affects us. 1. FIRS Renamed: The Federal Inland Revenue Service (FIRS) is now called the Nigeria Revenue Service (NRS). 2. Unified Revenue Collection: The NRS…

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