The Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has dismissed concerns from the Muslim North regarding the Tax Reform Bill, clarifying that it does not include provisions for taxing family inheritance, which is prohibited under Islamic law.
EKO HOT BLOG reports that in a post on his X (formerly Twitter) handle on Friday afternoon, Onanuga addressed the misconceptions, emphasizing that the bill focuses on income taxation rather than inheritance. He highlighted misinterpretations of Chapter 2, Part 1, Section 4, Subsection 3 of the bill, which discusses family income.
EDITOR’S PICKS
He stated:
“For example, the question about if the bill is antithetical to Islamic injunctions. I have come across various write-ups by highly respected intellectuals and academics in northern Nigeria, erroneously referring to a section of the bill, giving the notion that the bill will charge tax on inheritance after the reform is done.
“Those respectable scholars are making specific reference to Chapter 2, Part 1, Section 4, Subsection 3 of the National Tax Bill; titled ‘Income, profits or gains chargeable to tax’.
“This section states and I quote: ‘Income of a family recognized under any law or custom in Nigeria as family income in which several interests of individual members of the family cannot be separately determined.’
“The section is clearly referenced in error because the section is not speaking about inheritance, but about income.”
Onanuga reiterated that the bill contains no provisions to tax inheritance and reassured stakeholders, particularly in the Muslim North, that the reform aligns with Islamic principles.
His clarification aims to dispel concerns and encourage support for the proposed tax reforms.
Hon Fariu Arebi shares Insight into the growth and development of Epe Shares Personal experience…
Increased cases of Human Metapneumovirus, mainly in children, in northern China. Experts advise hygiene, rest,…
SEC DG noted that the Commission is revolutionizing the landscape SEC reiterated its commitment to…