Philip Nyam 
President Bola Tinubu on Thursday sent four tax reform bills to the House of Representatives for passage into law.
The bills include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Federal Inland Revenue Service Establishment Act, the 2007(Repeal) Bill and the Joint Revenue Board Establishment.
In the letter addressed to the speaker, the president said “One of the bills is the Nigeria Tax Bill, which should provide a consolidated fiscal framework for taxation in Nigeria.
“The second one is the Nigeria Tax Administration Bill, which shall provide a clear and concise legal framework for the fair, consistent and efficient administration of all the tax laws to facilitate ease of tax compliance, reduce tax…and optimise the revenue.
“The third bill is in respect of the Nigerian Revenue Service, which seeks to repeal the Federal Inland Revenue Service Establishment Act, No. 13 of 2007 and establish the Nigerian Revenue Service to assess, collect and account for revenue accruable to the government of the federation.
“The fourth one is the Joint Revenue Board establishment bill, which shall establish the Joint Revenue Board for the harmonisation l, coordination, and settlement of these things arising from revenue administration in Nigeria.
“The proposed tax bills present substantial benefits that align with my government’s objectives and fiscal reform on the economic growth by enhancing taxpayer compliance, strengthening our fiscal institutions on fostering a more effective and transparent fiscal regime”
He said “I am confident that these bills, once passed into law, will encourage and stimulate the economy.
“While I pray that the House of Representatives will in their usual expeditious manner consider and enact these bills into law, please accept Mr Speaker the assurances of my highest consideration and regards”
