President Bola Tinubu has directed the implementation of all recommendations made by the Presidential Fiscal Policy and Tax Reform Committee across ministries, agencies, and departments of the federal government.
President Tinubu gave the directive when he received the report on the quick-win achievements of the committee led be chairman, Taiwo Oyedele.
President Tinubu’s Committee on fiscal policy and tax reforms has returned with a preliminary report that contains crucial recommendations of ensuring an efficient and effective tax administration in the country.
There are also quick wins recorded by this committee since its inauguration on the 8th of August.
Now, The committee’s assignment to reform the tax administration has gotten to the critical stage which will include addressing multiplicity of taxes, and Working working with the sub-nationals to achieve a single digit tax at all levels of government.
President Tinubu’s spokesman says the framework for the implementation of the tax committee’s recommendations has already been activated.
The President has given clear directives in this regards that will be coordinated by the special adviser on policy.
The Presidential Committee understands that reforming the country’s tax laws may not be easy as pie, it will require some level of legislations and a need to rewrite certain tax laws in the constitution.
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