Federal Gov’t Plans Name Change For FIRS, To Set Up Tax Tribunal …C0NTINUE READING HERE >>>
President Bola Tinubu has transmitted four Fiscal Policy and Tax Reform Bills to the National Assembly for accelerated consideration and passage into law.
One of the Bills, tagged Economic Stabilisation Bills, seeks the repeal of the Federal Inland Revenue Service (FIRS) Act and enactment of the Nigeria Revenue Service Act in its place while the Joint Revenue Board (Establishment) Bill is intending to create a tax tribunal and a tax ombudsman for the country.
Others are the Nigeria Tax Bill 2024, which is expected to provide the fiscal framework for taxation in the country, and the Tax…
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