Senate Passes Proposed Tax Reform Bills

Between Wednesday and Thursday, 7th and 8th of May 2025, the Senate passed all four of President Bola Ahmed Tinubu's proposed tax reform bills for the next step of enactment into laws. These are the Nigeria Tax Bill, the Nigeria Revenue Service (Establishment) Bill, the Nigeria Tax Administration Bill, and the Joint Revenue Board (Establishment) Bill (collectively, the "Tax Reform Bills"). The House of Representatives had passed the Tax Reform Bills on 18 March 2025.

The Senate made some changes to the bills, some of which are different from those made by the House of Representatives. Because of the key differences in the versions of the Tax Reform Bills passed by the Senate and the House of Representatives, the two arms of the National Assembly will need to harmonize both versions.