The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has explained that new tax reform bills under consideration at the National Assembly aim to stop approximately 60 federal agencies from collecting taxes, allowing them to focus on their primary mandates.
The bills propose to halt revenue collection by federal agencies such as the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Customs Service.
Oyedele, who confirmed this to newsmen on Friday, emphasized that the new measures will simplify tax collection across the country and enhance the operational capacity of these agencies.
In addition, the chairman of the presidential tax reform committee said the bill will also repeal the FIRS which in turn will be changed to the Nigerian Inland Revenue Service (NIRS), to represent its new role.
The Nigerian government’s ongoing tax reform initiative began shortly after President Bola Tinubu inaugurated the Tax and Fiscal Reform Committee in August 2023, headed by renowned tax expert Taiwo Oyedele.
