Oyedele harps on collaboration for tax reforms success

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has restated his optimism towards the success of the new tax reforms, which commenced implementation this January.

Speaking yesterday in his office in Lagos when the leadership of the National Association of Nigeria Travel Agencies (NANTA), led by its President, Yinka Folami paid him a courtesy visit, Oyedele assured that the tax reforms would achieve lasting success through sustained engagement with key industry stakeholders.

He emphasised that continuous education, dialogue and strategic interface with industry associations were critical to the success of tax reforms in Nigeria.

According to him, engagement with structured and influential trade groups such as NANTA would help bridge information gaps and deepen understanding within the tax ecosystem.

He said: “Our committee has met with several multi-layered organisations, including airlines. To be honest, we were not fully aware of the depth and strategic role of your association as a critical solution driver in the tax reform process.

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“From what we have done here today, opening another frontier of understanding and bridging information gaps, I am optimistic that our tax reforms will be successful.”

Oyedele further urged NANTA’s leadership to sensitise its over 3,500 members on the importance of proper documentation of account turnover and banking records to avoid tax liabilities arising from discrepancies.

He emphasised that the committee would continue to engage NANTA to clarify grey areas within the downstream aviation tax ecosystem.

In his remarks, Folami, explained that members of the association were concerned about the burden of multiple taxation within the travel trade sector.

He appealed for clearer interpretation of levies and taxes embedded in airline tickets, noting that such charges are often attributed to travel professionals and in some instances, subjected to double taxation.

Folami stressed that while NANTA supports government tax policies and broader national development efforts, its members required clarity on tax obligations.

Besides, Folami canvassed for sustained engagement between the Presidential Committee and relevant agencies, particularly the Nigerian Revenue Service (NRS, former FIRS), to address the grey areas.

“We are in support of government tax policies and have consistently championed Nigeria-centric initiatives to drive reforms in the downstream aviation sector.

“Our presence here today underscores our commitment to building a knowledge-based and sustainable relationship with government, especially on tax reforms and implementation,” he said.