Senate has resolved to engage the Attorney General of the Federation, to resolve areas of disagreement on the proposed Tax Reform Bills. Deputy President of the Senate Barau Jibrin while presiding at plenary Wednesday says the decision followed series of meetings by the senate in relation to the proposed tax reforms.
He also announced the setting up of a committee in that regard to be chaired by the Minority Leader of the Senate, Senator Abba Moro. Meanwhile, the Senate Committee on Finance has been directed to put on hold further legislative actions on the bill and await the outcome of the meeting with the attorney general of the federation.
In October, President Bola Tinubu asked the national assembly to consider and pass four tax reform bills.
The legislations are the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill.
The Northern States Governors Forum (NSGF) opposed the bills, while the national economic council (NEC) asked Tinubu to withdraw them for further consultation.
However, Tinubu said the tax reform bills will not be withdrawn but the national assembly can make changes.
On Monday, the presidency said there is no provision in the tax reform bills before the national assembly that will impoverish the northern region of the country.
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