Tinubu Reaffirms Commitment to Tax Reforms

•  Doris Uzoka-Anite highlighted the importance of tax reforms as a core pillar of Nigeria’s economic restructuring efforts.
• Presidential Committee on Fiscal Policy and Tax Reforms was tasked with simplifying the tax structure, expanding the tax base
• President Bola Tinubu emphasized that conferences such as the CITN provide an invaluable platform for stakeholders to collaborate and explore strategies for turning policies and laws into tangible results.

During the 27th Annual Chartered Institute of Taxation of Nigeria (CITN) Tax Conference held in Abuja on Tuesday, President Bola Tinubu, represented by Minister of State for Finance Doris Uzoka-Anite, highlighted the importance of tax reforms as a core pillar of Nigeria’s economic restructuring efforts.

Eko Hot Blog reports that the conference, themed “Taxation for Development, Policies, Law and Implementation,” focused on strategies for optimizing Nigeria’s tax system and its role in advancing the country’s growth objectives.

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”I believe that a robust, transparent and fair tax system is essential not only for financing government operations but also for creating an environment of accountability, stability and long-term development.

”Accordingly, the government has taken deliberate steps to restructure and modernise our tax administration and legal framework.

”In this regard, the establishment of the Presidential Committee on Fiscal Policy and Tax Reforms marked a significant turning point,” the president said.

According to him, the committee was tasked with simplifying the tax structure, expanding the tax base, curbing leakages, and ensuring alignment with the country’s development goals.

“Members of the committee worked tirelessly to achieve their mandates, which include addressing issues of multiplicity of taxes and improving coordination between the federal, state and local government tax authorities.

“The federal government also pushed forward with the Economy Stabilisation Bill, which has now also been passed,” he said.

Acknowledging the critical role of implementation in the effectiveness of tax reforms, President Bola Tinubu emphasized that conferences such as the CITN provide an invaluable platform for stakeholders to collaborate and explore strategies for turning policies and laws into tangible results.

“This is also an occasion to discuss solutions to long-standing issues such as taxation, informal sector integration, fiscal federalism and equity in taxation.

“As tax professionals and policy makers, you are the custodians of Nigeria’s tax future.

“I, therefore, urge you to leverage this platform to engage meaningfully, challenge assumptions and craft pathways that will strengthen our tax institutions, boost revenue and ultimately improve the lives of Nigerians,” Mr Tinubu said.

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