Tinubu receives tax reforms report, demands speedy implementation

President Bola Tinubu on Tuesday, received a 30-day tax reforms report from Chairman of the Presidential Reforms Committee, Taiwo Oyedele, at the Aso Rock Villa, Abuja.

The president who tagged the report
“quick wins”, charged his Special Adviser on Policy Coordination, Hadiza Bala Usman, to liaise with the office of the Secretary to the Government of the Federation to synergise all recommendations of the Presidential Fiscal Policy and Tax Reforms Committee for speedy implementation across all Ministries, Departments and Agencies.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who disclosed this to State House Correspondents after the meeting, said the reports would have been presented in September but for the President’s foreign engagements in India and New York that month.

“President Bola Tinubu received in audience the Acting Chairman of the Federal Inland Revenue Service, Mr. Zack Adedeji, as well as the chairman of the tax policy review committee, Mr. Taiwo Oyedele where the committee presented to Mr. President a report on quick wins achieved by the tax policy review committee, in conjunction with directives given by Mr. President on the day that committee was inaugurated,” Ngelale said.

“After listening to a presentation by the Committee Chairman, the President directed the Special Adviser to the President on Policy Coordination, Hadiza Usman, to liaise with the Secretary to the Government of the Federation and the Chairman of the Tax Policy Review Committee to ensure that the recommendations of the committee are swiftly and immediately implemented across all ministries, departments and agencies of the federal government.”

READ ALSO: Tinubu sets up committee on fiscal policy, tax reforms to achieve 18% Tax to GDP ratio

“The goal is to ensure that there is effective synergy and to ensure that every institution of the federal government is on the same page with respect to how tax policy will be implemented.”

He said the President also directed that recommendations of the tax policy review committee be given high priority at the next sitting of the Federal Executive Council on Monday, October 30, 2023.

The Presidential Committee on Fiscal Policy and Tax Reforms was inaugurated by President Tinubu on July 7, with Oyedele as its Chairman and experts from both the private and public sectors making up the committee.

The Committee was tasked with the responsibility of reforming various aspects of the country’s tax law, fiscal policy design and coordination, harmonisation of taxes, and revenue administration.

Isaac Dachen

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