The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has denied opposing the four tax reform bills, which are currently before the National Assembly.
Mohammed Bello Shehu, Chairman, RMAFC gave the clarification in Abuja at a press conference, adding that the position paper of the commission on the reform bills sent to the National was misinterpreted by a section of the media, who reported that the RMAFC is against the bills.
According to him, “The bill for some reasons, has sparked intense debates within the last few weeks, with the contentious issue of Value Added Tax (VAT) allocation and derivation taking centre stage and we have drafted a comprehensive memorandum outlining our position, which emphasises adherence to global best practices and our stance aligns seamlessly with Mr. President’s vision for a more equitable and sustainable fiscal framework.
“The proposed tax reform bills are a significant step towards integrating untapped revenue sources, enhancing Nigeria’s revenue-to-GDP ratio, and positioning the country favourably among nations with high fiscal performance,” he said.
