The Federal Government is considering a single-digit tax regime to reduce the burden of multiple taxations on Nigerians. The Chairman of the Presidential Committee on Fiscal and Tax Reforms, Taiwo Oyedele, made this known in an interview on Channels Television.
Oloyede noted that all taxes would be cut down to single digits when the ongoing reforms are concluded.
reports that a single-digit tax system allows less than 10 taxes to be paid by citizens or businesses within a period. He noted that his committee has put a framework in place to enhance cooperation between tax authorities and states in terms of data, tax intelligence, and capacity building. “Our hope is when we are done with our reforms; all the taxes will be down to a single digit.
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