Chairperson of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, disclosed this while reacting to unconfirmed reports of the government’s plan to increase taxes on Tuesday, August 15.

The Federal Government has disclosed that there are no plans to increase taxes in the country.

Chairperson of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, disclosed this while reacting to unconfirmed reports of government’s plan to increase taxes on Tuesday, August 15.

Oyedele noted that the federal government wants to reduce the country’s over 60 official taxes down to a single-digit tax number.

He said;

“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.

“We have the inaugural meeting of the committee and workshop next week Tuesday and more information will be provided to the public afterwards.”