CITN supports Tinubu’s tax reforms

Celebrity Gig

[ad_1]

CITN supports Tinubu’s tax reforms

The Chartered Institute of Taxation of Nigeria has expressed its full support for the Federal Government’s initiative to set up the Presidential Committee on Fiscal Policy and Tax Reforms.

It would be recalled that the President, Bola Tinubu, recently signed four Executive Orders with key fiscal policy measures including the suspension of the five per cent excise tax on telecommunication services and excise duties on locally manufactured vehicles.

READ ALSO:  Africa’s annual loss to carbon tax may hit $25bn – AfDB

The President, CITN, Mr Samuel  Agbeluyi, lauded the initiatives and expected  that the committee’s mandate would lead to improved revenue collection efficiency, promote transparency, foster a healthy tax culture, and encourage voluntary compliance.

He also called for open dialogue and engagement of all stakeholders in the Nigerian tax system for the reforms to be all inclusive and meaningful.

READ ALSO:  Yvonne Jegede supports Yul Edochie's 2nd marriage, calls out Regina Daniels' union with Ned Nwoko (VIDEO)

Agbeluyi confirmed CITN’s intention to participate fully as it had always done in the current reforms process.

He praised Tinubu for appointing Mr Taiwo Oyedele, a CITN member, as the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

READ ALSO:  Presidential panel plans tax cut

Contact: [email protected]

[ad_2]

Categories

Share This Article
Leave a comment