A CRITICAL ASSESSMENT OF THE NIGERIA’S JOINT REVENUE BOARD BILL 2024

Abstract

The article assesses the Joint Revenue Board Bill, a landmark piece of legislation designed to harmonise, coordinate and resolve disputes arising from tax administration in Nigeria. The Bill establishes the Joint Revenue Board, the Tax Appeals Tribunal and the Office of the Tax Ombudsman, signaling a paradigm shift in the Nigerian tax system. This research critically examines provisions of the bill, assessing their potential impact on revenue generation, tax dispute resolution and economic development. This study posits that the Joint Revenue Board Bill has the potential to simplify revenue administration, reduce tax disputes and improve transparency. However, it also raises concerns regarding institutional capacity, regulatory overlap and implementation challenges. Through qualitative analysis of the provisions of the Bill and international best practices, this research identifies areas for improvement and recommends policy reforms. This study contributes to the existing literature on tax law and revenue administration in Nigeria, providing valuable information to policymakers, tax practitioners and academics. By assessing the Common Revenue Board Bill, this research sheds light on the ongoing debate on tax reform and revenue governance in Nigeria.