President Bola Tinubu is set to sign four newly passed tax reform bills into law on Thursday, June 26, 2025, at the Presidential Villa in Abuja.
This comes after the National Assembly approved the bills following wide consultations with different stakeholders.
The four bills are: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
The bills aim to change the way taxes are collected and managed in the country.
The Nigeria Tax Bill is designed to merge existing tax laws into one, cut down on multiple taxes, and make it easier for businesses to operate.
The Nigeria Tax Administration Bill introduces a single legal system to guide how taxes are collected across federal, state, and local governments.
It is expected to reduce confusion and bring about better coordination.
The third bill, which establishes the Nigeria Revenue Service (NRS), replaces the current Federal Inland Revenue Service law.
It gives the new agency more power, including the collection of non-tax revenue. It also sets clear rules for transparency and performance.
The fourth bill creates a Joint Revenue Board that will oversee cooperation between different levels of government in tax matters.
It will also establish a Tax Appeal Tribunal and a Tax Ombudsman’s office to handle complaints and appeals.
Top government officials will witness the signing.
These include the Senate President, the Speaker of the House of Representatives, leaders of both chambers, finance and legal officials, and representatives of state governors.
The new laws are expected to help improve revenue, make the tax system clearer, and attract more investments into the country.
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