Economy National Uncategorized

PCFPTR’ll ensure appropriate tax payment, usage – Chairman

Mr Taiwo Oyedele, Chairman, PCFPTR

From Our Correspondent

The Presidential Committee on Fiscal Policy and Tax Reform (PCFPTR) says it will ensure ease of tax payment and use for the benefit of Nigerians.

Mr Taiwo Oyedele, Chairman of the PCFPTR, gave the assurance while briefing State House Correspondents on Tuesday in Abuja.

Oyedele said that the committee would formulate appropriate policies to encourage tax payment without stifling the most vulnerable Nigerians.

He said the government set up the committee to ensure that appropriate spending on basic necessities.

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“The committee will not tax everything and everyone but those that can pay. This is in order to protect vulnerable citizens.

“Not having enough revenue means a lack of proper infrastructure development in the country.

`It’s a job that is possible with the support of Nigerians. Most developed countries that our people migrate to for survival, depend on tax instead of borrowings,” the chairman said.

He assured that the committee would apply appropriate data in working out tax policies that would ease tax payments.

“There is a huge tax gap and if we get every tax-payer to pay, in the existing framework, it will go a long way.

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“We will ensure that the FIRS harmonise taxes and collect for most MDAs that are charged to generate revenues.

“The MDAs will now facilitate revenue collection by concentrating on their core duties.”

To address the challenges of multiple tax payments, Oyedele said the committee would involve all tiers of government to make it a national policy.

All stakeholders agreed to have coordination in tax administration, he added.

 

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