Taxation has long been a sensitive issue in Nigeria. With a system that’s often criticised as complex, inefficient, and inequitable and has left many citizens feeling burdened and frustrated.
Widespread tax evasion, poor compliance, and a general lack of trust in the system have only deepened the divide between the government and the people.
But President Bola Tinubu is looking to change that. Two months ago, he introduced four tax reform bills to the National Assembly: the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
The goal of these reforms, as Segun Onagoruwa, Managing Partner at Vertex Consulting Limited, explains, is to create a tax system that works for everyone.
According to Onagoruwa, “The new tax reforms represent a bold and comprehensive step toward creating a system that…
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