The Federal Government plans to re-introduce the national tax amnesty scheme, according to a statement on Thursday.
The statement was signed by the Director of Press and Public Relations of the Ministry of Finance, Stephen Kilebi.
It was disclosed that during a two-day retreat of the Presidential Committee on Fiscal Policy and Tax Reforms in Abuja, the Chairman of the Committee, Mr. Taiwo Oyedele, noted some expected deliverables.
The statement read, “The Chairman highlighted the deliverables from the committee which include: optimum taxes; harmonised revenue collection functions; a revised national tax policy; national fiscal framework; preparation of bills for constitutional amendment; revenue optimisation; production of a model template for sub-nationals and establishment of the national tax amnesty scheme.”
The tax amnesty scheme offers a time-limited opportunity for taxpayers to regularise their tax status relating to previous tax periods and pay the taxes due with certain benefits.
The amnesty started on July 1, 2017 and was to last for nine months until March 31, 2018.
