{"id":161646,"date":"2025-05-07T23:56:30","date_gmt":"2025-05-07T22:56:30","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerian-senate-rejects-vat-increase-passes-two-tax-reform-bills"},"modified":"2025-05-08T00:57:43","modified_gmt":"2025-05-07T23:57:43","slug":"nigerian-senate-rejects-vat-increase-passes-two-tax-reform-bills","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-senate-rejects-vat-increase-passes-two-tax-reform-bills","title":{"rendered":"Nigerian Senate rejects VAT increase, passes two tax reform bills"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Nigerian Senate, on Wednesday, passed two of President Bola Tinubu\u2019s four tax reform bills.<\/p>\n<p>The two bills approved are the Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill.<\/p>\n<p>This development follows the Senate\u2019s consideration of the report submitted by an ad hoc committee chaired by Senator Sani Musa, representing Niger East.<\/p>\n<p>Each clause of the bills was thoroughly debated and reviewed at the Committee of the Whole.<\/p>\n<p>Following majority support expressed through a voice vote, the Senate President, Godswill Akpabio, formally announced the passage of the bills.<\/p>\n<p>\u201cThese bills will add immense value to governance and transform how taxes are collected and distributed in Nigeria,\u201d Akpabio stated.<\/p>\n<p>He further remarked that the remaining two bills would be concluded on Thursday, even if this necessitated extended sitting hours.<\/p>\n<p>\u201cWe are committed to concluding the outstanding bills tomorrow, even if we have to remain here until 10 pm,\u201d Akpabio said.<\/p>\n<p>Additionally, the upper chamber rejected a proposal to increase the Value Added Tax to 10 per cent, opting instead to maintain the current rate of 7.5 per cent.<\/p>\n<p>The two remaining bills scheduled for consideration and passage on Thursday are the Nigeria Tax Administration Bill and the Nigeria Tax Bill.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Nigerian Senate, on Wednesday, passed two of President Bola Tinubu\u2019s four tax reform bills. The two bills approved are the Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill. This development follows the Senate\u2019s consideration of the report submitted by an ad hoc committee chaired by Senator Sani [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":161645,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[254,53,675],"class_list":["post-161646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-nigeria","tag-senate","tag-vat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigerian Senate rejects VAT increase, passes two tax reform bills - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Senate, on Wednesday, passed two of President Bola Tinubu\u2019s four tax reform bills. The two bills approved ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-senate-rejects-vat-increase-passes-two-tax-reform-bills\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian Senate rejects VAT increase, passes two tax reform bills\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Senate, on Wednesday, passed two of President Bola Tinubu\u2019s four tax reform bills. 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