The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele has said that reports he is proposing an increase in Value Added Tax (VAT) rate have been quoted out of context. At a policy exposure and impact assessment session, organised by the committee on Wednesday, Oyedele had said: “We need to adjust the VAT rate …

Value Added Tax (VAT) will be increased from the present 7.5 per cent, if the Federal Government accepts the position of the Presidential Committee on Fiscal Policy and Tax Reforms. At a policy exposure and impact assessment session, organised by the committee on Wednesday, its chairman, Mr. Taiwo Oyedele said: “We need to adjust the VAT rate upward. We would …

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing plan by the Federal Government to introduce new foreign exchange rules will reflect the true value of the naira. He also said the plan which would include a crackdown on illicit currency trading, would result in naira closing its gap …

The Presidential Committee on Fiscal Policy and Tax Reforms, led by Taiwo Oyedele, on Tuesday had audience with President Bola Tinubu at the State House. The import of the visit was a presentation to the President on current status of the committee’s assignment since its inauguration on 8th August 2023. The committee tagged its presentation ‘Quick Wins’ and sought the …

President Bola Tinubu on Friday approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. He appointed the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, Mr Taiwo Oyedele, as committee chairman. Friday’s development comes barely 24 hours after the President signed four Executive Orders, suspending the five per cent excise tax on telecommunication services and …