The newly established Office of the Tax Ombud (OTO) will safeguard women and other taxpayersβ rights and curb harassment in the tax system, Chairman of Presidential Fiscal Policy and Tax Reforms Committee Dr. Taiwo Oyedele said.
He notes that women play a pivotal role in financing families, supporting communities, and driving economic growth.
“They dominate the small business space and the informal sector including small-scale exports and contribute significantly to GDP and employment”.
Oyedele stated this at the engagement session with Women in Business (ππππππ) which he shared via his X handle.
The focus of his engagement is entitled “ππππ ππππππ ππππππ ππ πππππ πππππ, πππππ πππππ πππ πππππππ. π΅ππ πππ πππ ππππππ ππ π πππππππ ππ ππππ πππ ππππ πππ”.
Notwithstanding women’s pivotal role in economic development, Oyedele , said they often face a disproportionate burden of multiple taxation, overregulation, extortion, and harassment from unprofessional officials and non-state actors.
He said the new tax laws billed to commence January 2026 directly addresses these challenges.
“It introduces exemptions from Corporate Income Tax, VAT, Withholding Tax, and PAYE for small businesses and their low-income employees. Larger enterprises will also benefit from harmonisation, lower overall tax burden, expanded input VAT credits, economic development incentives among othersΒ – all of which will reduce the cost of production and services, enhance profitability and cash flows, and stimulate growth”.
“In addition, the newly established Office of the Tax Ombud (OTO) will safeguard women and other taxpayersβ rights and curb harassment in the tax system”.
