WATCH THE VIDEO HERE Sen. Ali Ndume has stated that the new tax bills currently in the National Assembly are dead on arrival if President Tinubu does not withdraw them. He stated this during an interview on Channels Television where he advised the President to consider the recommendations of the Northern Governors and also the National Economic Council (NEC). According to him, the current situation with hardship in the country does not warrant the introduction of new taxes. He said, “My advise is that as the Northern Governors Forum and the National Economic Council (NEC) have said, the President should do more consultation and carry Nigerians and the public along. But if he goes on like that, I can tell you it will be dead on arrival.” He further criticised the proposed increase in VAT rate noting that Nigerians cannot afford to pay such high taxes at a time when companies are leaving the country. Also, the former senate whip stated that he is currently campaigning against the tax bills among legislators in the Senate and he is gaining support. The proposed tax bill which aims to deploy a derivation-based model for Value Added Tax (VAT) distribution has generated heated conversation and opposition especially from politicians and leaders of Northern extraction. Last year, President Tinubu set up the Presidential Committee on Fiscal Policy and Tax Reforms chaired by former tax leader at PwC, Mr. Taiwo Oyedele. The committee is taxed with reforming Nigeria’s tax system to allow for better administration and reduced tax burden on individuals and businesses.
New tax bills are ‘dead on arrival’ in NASS – Sen. Ndume
