NASS To Pass Tax Bills In March, Implementation July’ — Oyedele

The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has disclosed that the National Assembly will pass the controversial tax reform bills into law in the first quarter (Q1) of 2025.

Speaking at the weekend during The Platform, an event organised by The Covenant Nation to facilitate national development, Oyedele also said the implementation of the tax reform bills will commence in July.

The NASS is expected to resume deliberations on the bills after the suspension of actions on it last year.

President Bola Tinubu on October 13, 2024, asked the National Assembly to consider and pass four tax reform bills.

The bills have since received huge backlash, especially from those who labelled it as anti-north.

However, last week, the bills received the backing of the Nigerian Governors Forum (NGF).

NGF also proposed a new “equitable” sharing formula for VAT.