Not less than 12 states have enacted the tax harmonisation law considered a crucial part of the broader tax reform agenda introduced by the administration of President Bola Tinubu.
Speaking in Abuja yesterday, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms and Minister of State for Finance designate, Taiwo Oyedele, said 13 other states have already presented the proposed law before their respective state legislature for consideration, while others are at different stages of implementing the reforms.
He emphasised that the tax reforms are designed to modernise Nigeria’s fiscal framework, support business growth, protect vulnerable groups and reset the country’s economic structure.
Oyedele said the states’ tax harmonisation law seeks to eliminate nuisance taxes and prevent harassment of citizens under any guise, adding that the law will simplify the tax system, protect taxpayers’ rights and address unfair tax treatment.
“Transparency, fiscal discipline, responsibility and accountability remain critical pillars of an effective tax system,” he stated.
