We I’ll work towards reducing Tax burden on Nigerians – PCFPTR Chairman “Oyedele”
The newly appointed chairman, Presidential Committee on Fiscal Policy and Tax Reform,Taiwo Oyedele has assured Nigerians that the committee would work to lighten their tax burden and also look into frustrating laws affecting operations.
Oyedele, who was appointed chairman of the committee recently by President Bola Tinubu, is the fiscal policy partner and Africa tax leader at PriceWaterhouseCoopers (PwC).
He disclosed the committee’s plan at an event hosted by the Association of Chartered Certified Accountants (ACCA) to celebrate his appointment, assuring that Nigerians would see initiatives backed with actions to make them feel relief on tax collection and utilisation within the expected time frame.
“Our mandate has three milestones. The first is within the first 30 days during which we aim to do the quick wins, actions and decisions that do not require amending the Laws; we shall be looking at possibility of removing VAT from diesel to bring down the price, increase exemption on income tax and the likes so that people can breathe a little.
“We shall reduce people’s burden, set a framework for accountability, transparency and Judicious use of our taxes while we shall focus on Sustainable Development Goals (SDGs) of: No hunger, access to clean water, employment, quality of life and others,” Oyedele said.
