The details of the new Nigeria Revenue Service (Establishment) Bill.

Change of name from Federal Inland Revenue Service to Nigeria Revenue Service. 

Objectives: 

To better reflect the mandate of the Service as the revenue agency of the Nigerian Federation and not for only the Federal Government.

Focuses on Establishment: 

- Tax administration provisions removed.

- Tax enforcement powers removed.

Objectives: 

To make the law strictly an establishment law and emphasize the Service as the principal revenue agency.

Avoid duplication of tax administration rules.

Funding:

- Funding is based on a percentage of all tax revenue collected.

- The rate will be determined by the NASS