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Presidential Fiscal Policy and Tax Reforms Committee Chairman, Taiwo Oyedele
Should the proposed Executive bill be passed, politicians found guilty of tax evasion will be barred from seeking elective offices.
The plan was made known yesterday by chairman of the Presidential Fiscal Policy and Tax Reforms Committee Taiwo Oyedele.
He said an amendment to an existing tax law will be sent to the National Assembly to ensure tax compliance and prevent default by the political class.
Oyedele, who spoke at the 2024 strategic retreat for staff of the Joint Tax Board (JTB) in Abuja, outlined key reforms on tax compliance among politicians and the plan to set up a national tax amnesty programme.
He said a proposed amendment to the existing tax law would disqualify those who fail to meet their tax obligations from running for political office.
Oyedele said:“We’re moving beyond a tax clearance certificate, which can be easily obtained. Effective compliance involves a thorough examination of tax declarations, filings, and payments to determine if a candidate is genuinely fulfilling his tax responsibilities as outlined in the constitution.
“This issue arose during the last election. The argument was that the constitution doesn’t explicitly list tax compliance as a qualification criterion. We’re rectifying this oversight to ensure financial responsibility among those seeking public office.”
Oyedele unfolded plans for a tax amnesty programme later this year titled: the “Voluntary Disclosure or Declaration Program.”
Emphasising the JTB’s role in the initiative, he said: “The term ‘amnesty’ can have negative connotations. However, the core objective is to encourage tax compliance. The JTB, as the leading tax coordination body, is perfectly positioned to spearhead this programme.”
Oyedele reflected on the previously implemented Voluntary Assets and Income Declaration Scheme (VAIDS) programme, implemented previously, saying that “VAIDS could have achieved greater success if the JTB had been placed at the forefront, rather than acting as one stakeholder among many.”
“This time around, we’ll adopt a different strategy, ensuring not only the JTB’s involvement but also the collaboration of all stakeholders. We’ll work together to co-create a solution that addresses everyone’s concerns.”
Oyedele also highlighted the proposed reforms that will transform the JTB’s role.
He said: “We all recognise that the JTB’s mandate goes beyond personal income tax. The current reform package includes a draft law to replace the traditional tax return system. This will pave the way for the establishment of a new entity with a broader scope.
“The name will change, but the JTB’s core function will remain: to coordinate and harmonize all taxes and levies, not just personal income tax.It’s vital that you begin preparing for this new operating environment that’s just around the corner.”
JTB Secretary OlusegunAdesokan emphasized the need for adaptation, saying: “Our domestic tax ecosystem is undergoing significant reforms. The JTB, with its critical role in tax administration, needs to be positioned to seize the opportunities that this transformation presents.”
He added: “Achieving this goal requires the JTB Secretariat staff to embrace a culture of collaboration and innovation.By fully comprehending their evolving roles within this new dispensation, they will ensure the JTB’s continued success.” (The Nation)
