The Trade Union Congress (TUC) and the Supreme Council for Sharia in Nigeria (SCSN) have strongly opposed the planned increase in Value Added Tax (VAT) from 7.5% to 15%, as proposed in the 2024 tax reform bills currently under review by the National Assembly.
Papers News recall that the controversial tax proposals, sent by President Bola Tinubu in October 2024, include the Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, Joint Revenue Board Bill, and the Nigeria Tax Bill.
At a public hearing held at the National Assembly on Wednesday, representatives from labour unions, religious organizations, state governments, and business stakeholders voiced concerns over the proposed tax amendments, warning that they could worsen economic hardship for Nigerians.