A Fiscal Policy Partner and Africa Tax Leader at PwC,Taiwo Oyedele, has faulted the new Proof of Ownership Certificate (POC) fee imposed on all categories of registered vehicles.
Oyedele, who is Chairman of the West Africa Debt Management Roundtable of the Nigerian Economic Summit Group (NESG) and Chairman of the Taxation & Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria (ICAN) described the tax as “retrogressive.”