Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill. The Economic Stabilisation Bill On 23 September 2024, the Federal Executive Council approved the Economic Stabilisation Bill (ESB), with focus on amending tax, fiscal, and establishment laws, required for the enhancement of economic stability and growth. The bill, driven by recommendations… Continue reading Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill.
Tag: tax
THE VALUE ADDED TAX REFORM PROPOSAL.
In February 2020, the erstwhile Minister of Finance, Budget and National Planning issued the Value Added Tax (VAT Modification Order) 2020, which modified the provisions of the First Schedule to the VAT Act adding to, and expanding the list of goods and services specified in its provision whilst extending VAT exemption status to 868 items… Continue reading THE VALUE ADDED TAX REFORM PROPOSAL.