{"id":78553,"date":"2024-04-25T09:05:02","date_gmt":"2024-04-25T08:05:02","guid":{"rendered":"https:\/\/newsonlineng.com\/?p=78553"},"modified":"2024-04-25T11:13:57","modified_gmt":"2024-04-25T10:13:57","slug":"taiwo-oyedele-proposes-executive-bill-to-ban-tax-defaulting-politicians-from-contesting","status":"publish","type":"post","link":"https:\/\/newsonlineng.com\/taiwo-oyedele-proposes-executive-bill-to-ban-tax-defaulting-politicians-from-contesting\/","title":{"rendered":"Taiwo Oyedele Proposes Executive Bill To Ban Tax Defaulting Politicians From Contesting"},"content":{"rendered":"
<\/div>

Taiwo Oyedele has proposed an Executive Bill to ban tax-defaulting politicians from contesting elections in Nigeria.<\/strong><\/p>\n

 <\/p>\n

NewsOnline Nigeria<\/a><\/strong> reports that the chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has proposed an Executive Bill to ban tax-defaulting politicians from contesting elections in Nigeria.<\/p>\n

 <\/p>\n

According to Taiwo Oyedele, the amendment to an existing tax law will be sent to the National Assembly to ensure tax compliance and prevent default by the political class.<\/p>\n

 <\/p>\n

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.<\/p>\n

 <\/p>\n

ALSO: “N120 Billion Recovered and 1,600 Convictions Secured in Six Months” – Olukoyede<\/strong><\/a><\/h2>\n

 <\/p>\n

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.<\/p>\n

 <\/p>\n

Oyedele said: \u201cWe\u2019re 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.<\/p>\n

 <\/p>\n

\u201cThis issue arose during the last election. The argument was that the Constitution doesn\u2019t explicitly list tax compliance as a qualification criterion. We\u2019re rectifying this oversight to ensure financial responsibility among those seeking public office.\u201d<\/p>\n

 <\/p>\n

Oyedele unfolded plans for a tax amnesty programme later this year titled: the \u201cVoluntary Disclosure or Declaration Program.\u201d<\/p>\n

 <\/p>\n

Emphasising the JTB\u2019s role in the initiative, he said: \u201cThe term \u2018amnesty\u2019 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.\u201d<\/p>\n

 <\/p>\n

Oyedele reflected on the previously implemented Voluntary Assets and Income Declaration Scheme (VAIDS) programme, implemented previously, saying that \u201cVAIDS could have achieved greater success if the JTB had been placed at the forefront, rather than acting as one stakeholder among many.\u201d<\/p>\n

He added: \u201cI recall a JTB meeting where I asked for a live response to the question of how many members supported VAIDS. To my surprise, over 50% indicated their disapproval. This wasn\u2019t about a lack of desire to collect taxes from evaders; it was about disagreement with the government\u2019s approach.\u201d<\/p>\n

 <\/p>\n

\u201cThis time around, we\u2019ll adopt a different strategy, ensuring not only the JTB\u2019s involvement but also the collaboration of all stakeholders. We\u2019ll work together to co-create a solution that addresses everyone\u2019s concerns.\u201d<\/p>\n

 <\/p>\n

Oyedele also highlighted the proposed reforms that will transform the JTB\u2019s role.<\/p>\n

He said: \u201cWe all recognise that the JTB\u2019s 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.<\/p>\n

 <\/p>\n

\u201cThe name will change, but the JTB\u2019s core function will remain: to coordinate and harmonize all taxes and levies, not just personal income tax. It\u2019s vital that you begin preparing for this new operating environment that\u2019s just around the corner.\u201d<\/p>\n

 <\/p>\n

JTB Secretary OlusegunAdesokan emphasized the need for adaptation, saying: \u201cOur 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.\u201d<\/p>\n

 <\/p>\n

He added: \u201cAchieving 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\u2019s continued success.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Taiwo Oyedele has proposed an Executive Bill to ban tax-defaulting politicians from contesting elections in Nigeria.   NewsOnline Nigeria reports that the chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has proposed an Executive Bill to ban tax-defaulting politicians from contesting elections in Nigeria.   According to Taiwo Oyedele, the amendment […]<\/p>\n","protected":false},"author":2,"featured_media":73993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[13303,61313,2151,56912,50351,61311,61312],"coauthors":[61205],"yoast_head":"\nTaiwo Oyedele Proposes Executive Bill To Ban Tax Defaulting Politicians From Contesting<\/title>\n<meta name=\"description\" content=\"Taiwo Oyedele has proposed an Executive Bill to ban tax-defaulting politicians from contesting elections in Nigeria.   NewsOnline Nigeria reports\" \/>\n<meta name=\"robots\" content=\"index, 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