House of Reps Minority Caucus Confirms Alteration of Gazetted Tax Laws
The House of Representatives Minority Caucus confirmed alterations to Nigeria's tax laws, with discrepancies found between the legislated version and the gazetted version signed by President Bola Tinubu. An ad hoc committee discovered illegal alterations, including changes to the Nigeria Tax Administration Act.
The alterations lowered tax thresholds and introduced new provisions not approved by the National Assembly, raising concerns about encroachment on legislative powers. The committee identified inconsistencies in at least three versions of the tax laws, highlighting procedural anomalies and potential legislative overreach.
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