Tag
TAX REFORMS
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that his committee has drafted a new tax regulation, which will amend existing laws.
President Bola Tinubu has said that the current tax reforms were being undertaken with close adherence to global best practices that would favour businesses for the collective prosperity of the nation.
President Tinubu this afternoon inaugurated the Presidential Committee on fiscal policy and tax reform at the Presidential Villa
Changing the fiscal federalism structure from Federal to States enhances competition and when states compete, taxes fall.
In a bid to ensure total tax compliance in the country, the FIRS has disclosed plans to put new policies in place.
Zainab Ahmed disclosed that the new tax reforms as contained in the Finance Bill would help FG achieve its 2020 revenue estimate of N8.16 trillion.