Tinubu sets up committee on tax reforms

wisdom

Jul 7, 2023 - 14:01

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President Bola Tinubu has approved the establishment of a presidential committee on fiscal policy and tax reforms.

Dele Alake, special adviser to the president on special duties, communications and strategy, said Taiwo Oyedele, fiscal policy partner and Africa tax leader at PriceWaterhouseCoopers (PwC), was named as the chairman of the committee.

The committee will comprise of experts from both the private and public sectors and they will be responsible for various aspects of tax law reform, fiscal policy design and coordination, harmonisation of taxes, and revenue administration.

The committee’s primary objective is to enhance revenue collection efficiency, ensure transparent reporting, and promote the effective utilization of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance.

Commenting on the committee’s establishment, Zacchaeus Adedeji, special adviser to the president on revenue said;