The newly established Office of the Tax Ombud (OTO) will safeguard women and other taxpayers’ 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 (𝐖𝐈𝐌𝐁𝐈𝐙) which he shared via his X handle.
The focus of his engagement is entitled “𝑭𝒓𝒐𝒎 𝒎𝒂𝒓𝒌𝒆𝒕 𝒔𝒕𝒂𝒍𝒍𝒔 𝒕𝒐 𝒃𝒐𝒂𝒓𝒅𝒓𝒐𝒐𝒎𝒔, 𝒘𝒐𝒎𝒆𝒏 𝒑𝒐𝒘𝒆𝒓 𝒐𝒖𝒓 𝒆𝒄𝒐𝒏𝒐𝒎𝒚. 𝑵𝒐𝒘 𝒕𝒉𝒆 𝒕𝒂𝒙 𝒔𝒚𝒔𝒕𝒆𝒎 𝒊𝒔 𝒅𝒆𝒔𝒊𝒈𝒏𝒆𝒅 𝒕𝒐 𝒘𝒐𝒓𝒌 𝒇𝒐𝒓 𝒕𝒉𝒆𝒎 𝒕𝒐𝒐”.
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 others – 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 taxpayers’ rights and curb harassment in the tax system”.