President Bola Tinubu on Friday approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. He appointed the Fiscal Policy Partner and Africa Tax Leader at Price Water house Coopers, Mr. Taiwo Oyedele, as committee chairman.
Friday’s development comes barely 24 hours after the President signed four Executive Orders, suspending the five per cent excise tax on telecommunication services and the excise duties escalation on locally-manufactured vehicles.
According to a statement signed by Tinubu’s Special Adviser on Special Duties, Communication and Strategy, Dele Alake, the committee will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal policy design and coordination, harmonisation of taxes, and revenue administration.
The statement titled ‘President Tinubu sets up a committee on tax reforms,’ stated that the committee’s primary objective is to enhance revenue collection efficiency and ensure transparent reporting.
Join our twitter community :
