The Senate is set to pass the tax reform bills forwarded by President Bola Tinubu to the National Assembly today.
Report has it that this development was confirmed by two prominent senators who requested anonymity, as they were not authorised to speak on the matter.
This move comes just two weeks after the House of Representatives approved the four controversial tax reform bills.
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The bills include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service Establishment Bill.
This followed a clause-by-clause review of all relevant amendments at the Committee of the Whole.
Some of the notable amendments include the retention of the Value Added Tax rate at the current 7.5 percent, instead of a staggered increase, and the extension of income tax exemptions to specific agricultural businesses and military officers.
The Senate had earlier conducted a two-day public hearing on the tax reform bills at the National Assembly.