Nigeria's House of Representatives reportedly approved four tax reform bills on 18 March 2025, including the Nigeria Tax Administration Bill (HB.1756), the Nigeria Revenue Service (Establishment) Bill (HB.1757), the Joint Revenue Board Bill (HB.1758), and the Nigeria Tax Bill (HB.1759). The measures of the bills include: Maintaining the standard VAT rate at 7.5% instead of a proposed increase to 12.5%; Maintaining the corporate income tax rate at 30% for all companies with the exclusion of small businesses; Restricting the President's power to provide tax exemptions for companies, explicitly requiring National Assembly approval; Introducing new certificate requirements for companies enjoying priority...