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After some Governors’ initial rejection of the controversial tax reform bills by President Bola Tinubu, all the governors have now thrown their weight behind the Federal Government’s but with a proposal for a new sharing formula for value-added tax (VAT).
Two sets of tax bills supposedly drafted by the Presidential Committee on Fiscal Policy and
The Northern Governors Forum has called on the National Assembly to reject the proposed Tax Reform Bill that was forwarded by President Bola Tinubu.
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reform, said that if the new tax bill is passed by the National Assembly, wealthy Nigerians with monthly incomes over 100 million will face a 25% personal income tax rate.