The Federal Government says it has no plans to increase taxes or add to the burdens of the country’s tax paying citizens.
The Chairperson, Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, said this on Tuesday while reacting to unconfirmed reports of government’s plans to increase taxes.
![](https://promptnewsonline.com/wp-content/uploads/2024/02/National-growth-LS.png)
The tax expert revealed that what government proposed was to reduce the country’s over 60 official taxes down to a single digit tax number.
According to him, the plan is to be able to reduce the number to single digit so that across all levels of government, you do not pay more than 10 taxes.
“We are confident that this is possible with the support of everyone and we will continue to do what we can to close the tax gap to generate revenue instead of increasing taxes. READ ALSO:
- Principal of Orile Agege Community School, Mrs Mumuni, Bags Merit Award
- 101-year-old Nollywood Legend Agbako Shares Career, Life Journey (Read Full Interview)
- Super Falcons yet to start training as players fail to hit camp
- Sophia Momodu Lists 6 Reasons Davido Shouldn’t Have Custody Of Daughter, Imade
- Imade Will Grow Up To See I Fought For Her — Davido
“We have the inaugural meeting of the committee and workshop next week Tuesday and more information will be provided to the public afterwards,” he said.(NAN)