Part 2/9:
To gain a clearer understanding of the implications of these proposed reforms, Mr. Samuel Agu, President of the Chartered Institute of Taxation of Nigeria (CITN), shared valuable insights during a recent virtual discussion. He emphasized that significant groundwork has already been accomplished, both on the proposed bill prior to its submission to the National Assembly and regarding the expectations for the public hearing.
Mr. Agu fortified the idea that the National Assembly, as a representative body, has the constitutional duty to rigorously scrutinize any bill before it is passed into law. The public hearing represents a crucial stage in ensuring that all views are incorporated, adding value to the bill and fostering improved tax revenue administration throughout Nigeria.