Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, had said majority of the consumption Value-Added Tax (VAT) the Nigerian government received over the years are from low income earners.
He said the government wants to reform its tax system to remove VAT from essential consumption, education, healthcare, transportation and accommodation to enable low income earners to enjoy the dividend of democracy.
Mr Oyedele, a fiscal policy and tax expert, said this on Wednesday when he appeared before the Senate to brief it on the tax reform bills.
Two months ago, President Tinubu sent four tax bills to the National Assembly for approval. They are the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
However, the bills have been attracting criticisms.
Mr Oyedele said the major VAT on consumption is from 82 per cent of low income earners in the…