The full text of the memorandum detailing the position of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on the proposed tax reform bills by President Bola Tinubu has emerged.
Earlier, reports had emerged with claims that RMAFC has challenged the constitutionality of proposals made by President Bola Tinubu in his proposed tax reform bills.
RMAFC, in challenging the tax reform proposals, argued that the Commission is the only body constitutionally empowered to determine revenue sharing between the three tiers of government in Nigeria.
The commission is said to have outlined a range of legal, constitutional, and technical objections to the proposed reforms.
However, RMAFC subsequently denied opposing the President’s proposals.
During a press conference held in Abuja on Tuesday, RMAFC Chairman, Mohammed Shehu, characterized the allegations as “false” and “malicious” and provided clarification regarding the commission’s stance on the proposed…