Nigerian Senate Passes Tax Reform Bills, Rejects VAT Increase Proposal, Maintains 7.5% Rate

• Nigerian Senate passed two tax reform bills: Joint Revenue Board Establishment Bill and Nigeria Tax Bill
• Completion of key legislative effort to overhaul tax framework
• Senate rejected proposal to increase VAT rate from 7.5% to 10%
• Existing VAT rate of 7.5% maintained

Source: ensafrica.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.