Rep Abdussamad Dasuki has raised a red flag about alleged alterations to the tax bills passed by the National Assembly. He’s claiming the gazetted versions differ from what was approved by both chambers, sparking concerns about constitutional breaches and legislative credibility.
Dasuki’s allegations have triggered reactions, with some describing it as a potential undermining of legislative authority. The House Speaker, Tajudeen Abbas, has acknowledged the concerns and assured action will be taken to address the issue.
The tax reforms, set to take effect January 1, 2026, aim to simplify Nigeria’s tax system, broaden the tax base, and increase revenue. Key changes include:
– VAT Increase: From 7.5% to 10% in 2026, rising to 15% by 2030
– Exemptions: Essential goods and services like food, education, and healthcare remain VAT-exempt
– Personal Income Tax: Exemption threshold increased to ₦800,000 annually
– Corporate Tax: CIT rate for large companies to decrease from 30% to 27.5% in 2025, then 25% in 2026
The controversy surrounding the tax bills highlights the need for transparency and accountability in Nigeria’s legislative process.
