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TAIWO OYEDELE
The chairman of the Presidential Tax Reforms and Fiscal Policy Committee, Taiwo Oyedele, has disclosed that Nigeria's newly proposed tax reform bills are the result of widespread consultations with stakeholders across the country.
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has explained how the Nigerian government intends to prevent rich Nigerians from evading taxes and make them pay more, through the Tax reform bills.
Taiwo Oyedele, Chairman of the Presidential Tax Reforms and Fiscal Policy Committee, has called for urgent reforms in Nigeria’s tax system, describing it as one of the most business-unfriendly in the world.
A recent survey by SBM Intelligence alleges that the federal government's proposed tax reforms fail to account for the unique characteristics of certain Nigerian regions.
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has called for enhanced tax compliance and broadening of the nation's tax base as key pathways to achieving faster economic growth in 2025.
It is a fact that companies currently remit VAT based on the location of their headquarters even though internally many of them have information about consumption activities in each state.
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has stated that the need to pass the Tax Reforms Bills is "urgent" because most Nigerians are struggling.
Former Senate Chief Whip, Senator Ali Ndume, has once again called for the withdrawal of the controversial tax reform bills currently being read in the Senate, urging for more extensive consultation.
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has stated that the Finance Act will become "null and void" once the Tax Reform Bills are passed into law by the legislative and executive arms of government.
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said that Dangote Refinery's petroleum product production will boost the strength of the naira, Nigeria's legal tender.
Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has said that Nigerians earning minimum wage and slightly above will be exempted from the Pay as You Earn (PAYE) tax once the Tax Reform Bills are signed into law.
The chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has stated that the proposed tax reform bills will eliminate all subnational consumption levies, except for Value Added Tax (VAT).