NATIONAL TAX CRIMES AND OVERSIGHT COMMISSION BILL
Bill · Finance
A Bill establishes a commission to investigate and prosecute tax crimes in Nigeria. It targets taxpayers, tax authorities, and businesses. This improves tax compliance and increases government revenue.
What Is This Policy?
A bill to establish a commission dedicated to investigating and prosecuting tax crimes, improving tax compliance, and providing oversight of the tax administration system in Nigeria.
Who Does It Target?
Taxpayers, tax authorities (FIRS, state tax agencies), businesses, and the broader Nigerian economy.
What Does It Aim to Achieve?
Combat tax evasion and fraud, improve tax compliance, strengthen the integrity of the tax system, and increase government revenue through effective tax crime enforcement.
Key Features
Tax Crime Investigation: Dedicated body for investigating tax-related offences. Prosecution Powers: Authority to prosecute tax crimes. Tax System Oversight: Provides independent oversight of tax administration. Revenue Enhancement: Improves compliance and plugs revenue leakages.
Current Status
Rollout Stage: Under legislative consideration. Coverage: Nationwide.
How to Access
Taxpayers comply with tax obligations; the Commission investigates non-compliance. Await passage of the bill into law
Impact & Metrics
Expected to significantly improve tax compliance and government revenue.
Official Resources
Website: nass.gov.ng Contact: National Assembly, Abuja
Legal Framework
To be enacted under the legislative powers of the National Assembly vested by Section 4 of the 1999 Constitution. Will operate alongside the Federal Inland Revenue Service Establishment Act 2007, the Companies Income Tax Act 2004, the Personal Income Tax Act, the Money Laundering Prohibition Act, and the Economic and Financial Crimes Commission Act 2004.