The National Assembly may consider and pass the harmonised tax reform bills before the end of May,
The four tax bills were sent to the joint harminisation committee made up of members of the Senate and the House of Representatives to work on and agree on gray areas in the bill before it is transmitted to th President for his assent.
The four bills were passed by the House of Representatives in March before they went on sallah and Easter break, while the Senate passed its own version shortly after resumption from the sallah break.
As a result of gray areas in the version passed by the two chambers, a joint committee was set up by the leadership of the two chambers to harmonised those gray and arrive at a common document.
Indications that the harmonised bills will be passed is contained in a post on the X-handle of the Chairman of th House Committee on Finance, James Abiodun Faleke who led the House delegation for the harminisation.
Faleke said in the tweet that “the Conference Committee set up by the House and the Senate on the Tax Reform Bills has successfully concluded its work.
“The joint committees thoroughly reviewed all sections and addressed the grey areas of the four Bills, examining each clause strategically and resolving contentious issues.
“After an intensive deliberation that stretched through Thursday night, all day Friday, and into the early hours of Saturday, I am pleased to report that the Bills are now ready for presentation to both the House and the Senate for final passage.
“I would like to specially appreciate the Senate Conference Committee, ably led by the Chairman of the Senate Committee on Finance, the Distinguished Senator Sani Musa, as well as all members of the Senate Conference Committee.
“I also extend heartfelt gratitude to my colleagues on the House Conference Committee, which I had the honour to lead, for their unwavering commitment to the Nigerian people.
“We are truly grateful for your dedication and resilience in bringing this important task to a conclusion.”
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