By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Tax Reform Bills Set for Q1 2025 Passage, July Implementation – Oyedele
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Tax Reform Bills Set for Q1 2025 Passage, July Implementation – Oyedele

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: January 19, 2025
Share
2 Min Read
Taiwo Oyedele
Taiwo Oyedele
SHARE

Taiwo Oyedele, Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, has revealed that the much-anticipated tax reform bills will be passed into law within the first quarter (Q1) of 2025, with implementation set to commence in July.

Speaking on Saturday, January 18, during The Platform, an event organized by The Covenant Nation to promote national development, Oyedele outlined the timeline for the reforms.

“Our expectation is that the tax reforms, particularly the tax reform bills, will be approved before the end of Q1. This will allow taxpayers to prepare themselves with capacity and begin to implement around the 1st of July,” Oyedele said.

The tax reform bills, proposed by President Bola Ahmed Tinubu on October 13, 2024, include the Nigeria Tax Bill, Tax Administration Bill, and the Joint Revenue Board Establishment Bill. The president also seeks to repeal the law establishing the Federal Inland Revenue Service (FIRS) and replace it with the Nigeria Revenue Service.

- Advertisement -

The reforms aim to modernize Nigeria’s tax system, improve compliance, and ensure a more equitable distribution of revenue.

This week, the proposed tax bills received a significant boost when the Nigerian Governors’ Forum (NGF) endorsed them and proposed a new equitable sharing formula for Value Added Tax (VAT).

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Taiwo OyedeleTax Reform Bills
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article TikTok 170M US Users Lose Access as TikTok Ban Takes Effect
Next Article Aminu Sahabi Salisu EFCC: How Our Officer Was Shot Dead During Anambra Operation

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?