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JUST IN: Senate Advances Tinubu’s Tax Reform Bills to Next Stage

The Senate has approved President Bola Tinubu’s four proposed tax reform bills for a second reading. Majority Leader Opeyemi Bamidele explained that the reforms aim to simplify tax collection, reduce burdens on small businesses, and address double taxation. The bills propose allocating 55% of VAT revenue to states and granting tax exemptions on salaries below […]