A recent survey by SBM Intelligence alleges that the federal government’s proposed tax reforms fail to account for the unique characteristics of certain Nigerian regions.
The report, however, admits that the reforms aim to reduce the tax burden on citizens and improve the efficiency of tax collection, as outlined by Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee.
The survey, conducted across Nigeria’s geopolitical zones, reveals that failing to address regional issues could exacerbate existing economic disparities in the country, potentially requiring intervention by the Supreme Court or a constitutional amendment.
The report is part of the broader conversation about Nigeria’s current tax system and the proposed tax reform bills, which have sparked intense debate, especially from northern elites, particularly regarding the distribution of Value Added Tax (VAT) among Nigeria’s 36 states.
Much Ado About Tax
- The report states that only…