Top of the day to you House of Representatives Public Hearing on Tax Reform Bills - Highlights of How Day 1 Ended. — NLNG : Advocated for all exports to be zero-rated and raised concerns about the repeal of CITA, particularly the omission of Section 23(1)(k) from the new tax bills — Fiscal Responsibility Commission : Supported the bills but highlighted a timeline conflict between the Joint Revenue Board Bill and the Fiscal Responsibility Act. They proposed an adjustment to the reporting deadline to the Minister of Finance — Federal Ministry of Industry, Trade & Investment: Focused on tax incentives and exemptions. — Citizens’ Network for Peace & Development: Suggested a revenue sharing formula of 60% derivation conflicting with the NGF stance — ICAN : Fully supported the four tax reform bills. Highlighted Section 32 of the Nigeria Tax Administration Bill on tax agent accreditation — CITN : Argued that tax practice should remain exclusive to relevant professional bodies — Association of Nigeria Taxation Students : Recommended maintaining TETFUND allocation beyond 2028 — Nigeria Customs Service : Called for collaboration rather than the subsumption of Customs under NRS — RMAFC : Fully supporter the Tax Reform Bills and submitted their recommendations — Trade Union Congress : Opposed VAT increase beyond 7.5%. Also opposed NRS taking over PENGASSAN’s role in royalty and fee collection — Supreme Council for Sharia in Nigeria : Advocated for reducing VAT to 5% or maintaining 7.5%. Also opposed the Development Levy and Inheritance Tax in the tax bills In conclusion, the public hearing brought out diverse perspectives ranging from tax exemptions, VAT rates, jurisdictional overlaps, revenue allocation and fiscal responsibility. The conversation continues today