NewStats: 3,265,520 , 8,187,067 topics. Date: Sunday, 15 June 2025 at 02:12 PM l423l

The Senate and the House of Representatives have tly adopted the harmonized conference report on the four tax reform bills, marking a significant milestone in President Bola Tinubu’s fiscal reform agenda. The bills will now be transmitted to the President for assent.

After weeks of detailed legislative work, the Chairman of the Senate Committee on Finance, Senator Sani Musa (APC, Niger East), presented the harmonized report of the t conference committee tasked with reconciling differences between the two chambers’ versions of the bills.

The bills include the t Revenue Board (Establishment) Bill, 2025 (SB. 583); the Nigeria Revenue Service (Establishment) Bill, 2025 (SB. 584); the Nigeria Tax istration Bill, 2025 (SB. 585); and the Nigeria Tax Bill, 2025 (SB. 586). These were initially transmitted to the National Assembly by President Tinubu in October 2024.

The conference committee carefully reviewed the disparities between the Senate and House versions, adopting selected clauses from each chamber to produce the final harmonized versions.

For example, in the Nigeria Tax istration Bill, several clauses from both chambers were integrated, such as Clause 9 from the House version, mandating disclosure of certain financial information by banks and financial institutions, and Clause 45 from the Senate version, which outlines the liability of managers in tax matters.

Similarly, the Nigeria Revenue Service Establishment Bill’s harmonized version includes Clause 4 from the House, detailing the service’s functions, and Clause 7 from the Senate, specifying the governing board’s composition.

For the t Revenue Board Establishment Bill, the committee adopted Clause 4 from the House, defining the board’s composition, while Clause 5 (functions of the board) and Clause 10 (appointment process for the Executive Secretary) were adopted from the Senate version.

The House of Representatives, led by the Chairman of its Committee on Finance, James Faleke, also presented the harmonized report and, following a Committee of Supply session, adopted the bills.

Lawmakers cautioned against any wrongful amendments or insertions as the bills prepare to be sent to the Presidency for final assent.

The Senate President, Senator Godswill Akpabio, conducted a voice vote on the adoption of the harmonized reports, which ed by majority.

Once signed into law by President Tinubu, these reforms are expected to overhaul Nigeria’s tax istration and improve revenue generation in line with the government’s broader economic objectives.

https://www.vanguardngr.com/2025/05/nass-adopt-harmonized-conference-report-on-tinubus-tax-reform-bills/

If you're earning a million naira or less, you're tax free. Essential food items also VAT free. Congratulations Nigerians.

Another major reform that previous Presidents ran away from.

Putindbutt:
If you're earning a million naira or less, you're tax free. Essential food items also VAT free. Congratulations Nigerians.

Making laws has never been our problem, will they implement it?

Putindbutt:
If you're earning a million naira or less, you're tax free. Essential food items also VAT free. Congratulations Nigerians.

One million a year, thats barely above minimum wage a month. Not sure what the congrats is for

I would rather quit my job than pay taxes to a group of kleptomaniac and corrupt political class. Spits on them all. Old men with no morals.

Zooposki:
I would rather quit my job than pay taxes to a group of kleptomaniac and corrupt political class. Spits on them all. Old men with no morals. Spits again.

the only thing they know is tax

Strongly believing His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) will make considerations best for the nation.

We elected tax master and not a president


Tinubu government has been classified as the worst ever.


A government that denied its citizens everything subsidy. Nothing is subsidized to reduce the pains of Nigerian.

Imagine having everything at the tips of your finger but you can't enjoy them.

Hmmm. I thank God for helping me through

Tinubu, your days are numbered. You will also be 'former' with the worst tag.

Preator:


One million a year, thats barely above minimum wage a month. Not sure what the congrats is for

thats cos that guy cannot comprehend or mayB he earns 60K a m onth

Omo, a lot of Nigerians that are not paying tax should be ready to start paying

Preator:


One million a year, thats barely above minimum wage a month. Not sure what the congrats is for

You should know he mean #1m per annum. Shey e make sense to you, for a person earning #1m per month to be exempt from paying tax?

Noted.

What about electoral reform, when is it going to be ready? when is electronic transmission of votes be mandatory?

Global standard

Tinubu is too powerful as a president. Even Northern presidents hardly have their ways like this.

Nigerians would benefit more if Tinubu turn out to be a good person that we all thought he wasn't. It takes a strong personality like him to effect a major change.

Northernised bills

DeLaRue:
Another major reform that previous Presidents ran away from.

Like which one
It seems Nigeria started to exist to you people when your god took office
Una nor go ever rest with these your lies
Every president signed a tax bill or the other while OBJ signed the present national tax laws
Stop making up empty hypes

Zooposki:
I would rather quit my job than pay taxes to a group of kleptomaniac and corrupt political class. Spits on them all. Old men with no morals.

No problem now,you can cut your nose to spite your face.

Putindbutt:
If you're earning a million naira or less, you're tax free. Essential food items also VAT free. Congratulations Nigerians.

Per annum or per month?

Alexis11:
Tinubu is too powerful as a president. Even Northern presidents hardly have their ways like this.

Nigerians would benefit more if Tinubu turn out to be a good person that we all thought he wasn't. It takes a strong personality like him to effect a major change.

shatap there joor. The same tax Northerners brought him and his Lagos boys to his knees?

Putindbutt:
If you're earning a million naira or less, you're tax free. Essential food items also VAT free. Congratulations Nigerians.

Bullsheet. Is just matter of time before they include those they are excluded now

When stamp duty came some years back, POS and fintech were excluded, today, they are included.

[quote author=Enitry post=135545881] the only thing they know is tax[/qu

A good step in the right direction

After the initial.rejections, beautiful.

Ikaeniyan0:
You should know he mean #1m per annum. Shey e make sense to you, for a person earning #1m per month to be exempt from paying tax?

Nah, i understand its per annum. Just dnt understand if its something dt will really make someone earning less dn 90k a month happy. Unless in formal employment ab initio, people in that income range were not paying taxes before

The person you are quoting, how much do you think he earns.
You think he will be doing e-toutry if he earns above that?

Preator:


One million a year, thats barely above minimum wage a month. Not sure what the congrats is for

Owo mi da policy

Welcome development.