At least 12 states have enacted the tax harmonisation law, part of the broader tax reform agenda introduced by the administration of President Bola Tinubu.
Minister of state for finance-designate, Taiwo Oyedele, disclosed this in a remark at the graduation ceremony of 5,900 young entrepreneurs trained by the MTN Foundation on entrepreneurship, business and innovation.
According to him, 13 other states have already presented the proposed law before their respective state houses of assembly for consideration, while others are at different stages of implementing the reforms.
Oyedele explained that the tax reforms initiated by President Bola Tinubu are designed to modernise Nigeria’s fiscal framework, support business growth, protect vulnerable groups and reset the country’s economic structure.
He further stated that the states tax harmonisation law seeks to eliminate nuisance taxes and prevent harassment of citizens under any guise, adding that the law will simplify the tax system, protect taxpayers’ rights and address unfair tax treatment.
