Tinubu's Govt to reduce multiple taxes from 52 to 10

The Federal Government is moving on to streamline tax administration in order to remove multiple taxes from 52 to 10.

This position has been earlier canvassed by the President Bola Tinubu’s administration immediately it assumed office.

Zacch Adedeji, the Special Adviser to the President on Revenue, said on Saturday at the virtual TOPAZ 88 second lecture series with the theme, “Revenue Challenges and Opportunities in Nigeria Today.”

He stressed that the government is doing everything to promote efficiency and accountability.

Adedeji noted that multiple taxation had been a major challenge to investors and businesses in Nigeria.

According to him, the government is working seriously to ensure the poor breathe.

“What the Federal Government is doing right now is to ensure that the poor breathe. The aim of this administration is to tax prosperity and not poverty and tax the fruit, not the seed.

“This is why, in the coming days when the tax committee is constituted, we will ensure that we streamline our taxes from 52 to 10 because we have realised that it is very difficult to have compliance due to so many taxes”, he said.

Earlier, President Tinubu had signed four executive orders to curb arbitrary multiple taxation policy in Nigeria.