President Bola Tinubu is set to sign four tax reform bills into law on Thursday, June 26, 2025, aiming to transform Nigeria’s fiscal and revenue framework.
The bills include:
- Nigeria Tax Bill (Ease of Doing Business): This bill consolidates Nigeria’s fragmented tax laws into a harmonised statute, reducing multiple taxes and eliminating duplication. It will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment.
- Nigeria Tax Administration Bill: This bill establishes a uniform legal and operational framework for tax administration across federal, state, and local governments, ensuring consistency and efficiency.
- Nigeria Revenue Service (Establishment) Bill: This bill repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency, the Nigeria Revenue Service (NRS).
The NRS will have an expanded mandate, including non-tax revenue collection, and will operate with transparency, accountability, and efficiency mechanisms.
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- Joint Revenue Board (Establishment) Bill: This bill provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government. It introduces essential oversight mechanisms, including establishing a Tax Appeal Tribunal and an Office of the Tax Ombudsman.
The signing ceremony will be attended by prominent figures, including senate President, speaker of the House of Representatives, senate Majority Leader, house Majority Leader, chairman of the Senate Committee on Finance, Chairman of the House Committee on Finance, Chairman of the Governors Forum, Chairman of the Progressives Governors Forum, Minister of Finance and Coordination Minister of the Economy, Attorney General of the Federation.
The new tax laws are expected to significantly transform tax administration in Nigeria, leading to:
- Increased revenue generation
- Improved business environment
- Boost in domestic and foreign investments.
