New Tax Reform Will Resolve Complexities, Reduce States Burden- Oyedele

The Presidential Tax Reform Committee, led by Chairman Taiwo Oyedele, has proposed sweeping changes aimed at simplifying Nigeria’s tax system by eliminating all state-level consumption taxes except the Value Added Tax (VAT).

These reforms, announced in an explainer on Monday, seek to address longstanding issues of multiple taxation, ease regulatory burdens on businesses, and ensure fair revenue distribution among states.

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