- Laws to exempt the poor from taxation take off Jan
- FIRS transforms to NRC
A new era in the country’s tax administration commenced with yesterday’s signing of the four tax bills by President Bola Ahmed Tinubu.
The new laws, which are due to go into effect in January, have streamlined taxation, which was uncoordinated before now.
The President said the new laws “opened the door for a new economy and business opportunity”.
“This is a clear message to the world that Nigeria is truly ready and open for business.
“We’re in transit—we have changed rules, we have changed some of the misgivings”, the President said at the signing ceremony held at the State House, Abuja.
Describing the occasion as a turning point for the nation’s economic future, President Tinubu hailed the new laws as a necessary step in Nigeria’s journey to modernisation.
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