Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, has assured Nigerians that the new tax reforms will not result in automatic debits from bank accounts, regardless of the amount transferred or descriptions.
Speaking on Channels Television’s end-of-year special on Tuesday, Oyedele said no tax authority anywhere in the world has the capacity to pursue every individual, noting that tax enforcement typically targets high income earners rather than low income bank users.
“Nobody will debit your account. Any amount of money you transfer, whether it is 1 billion, whether it is 1,000, it doesn’t matter how you describe it. Nobody will debit your bank account,” the chairman said.
