The House of Representatives yesterday passed for the third reading the four Tax Reforms Bills the National Assembly received last October from the Executive arm of government.
The House, during plenary last Thursday, considered and approved the report of its Committee on Finance that worked on the Bills and the submissions received from Nigerians.
The Bills had generated a lot of controversy: northern leaders, the Nigeria Governors’ Forum (NGF) and other interest groups opposed some sections of the Bills.
During yesterday’s plenary, House Leader Julius Ihonvbere moved for the Bills to be read for the third time.
He noted that “a Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States and Local Governments; Prescribe the Powers and Functions of Tax Authorities, and for Related Matters” be read for the third time.
Ihonvbere also moved “That A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and Enact the Nigeria Revenue Service (Establishment) Bill to Establish Nigeria Revenue Service, charged with Powers of Assessment, Collection of, and Accounting for Revenue Accruable to the Government of the Federation and for Related Matters be read for the third time;