Deliverables & Outcomes
The expected outcomes from the work of the committee include, but are not limited to, the following:
• Repeal of existing taxes and levies — especially those that are suboptimal, obsolete or unduly burdensome — and enactment of new harmonised tax laws.
• A harmonised list of taxes and levies, not exceeding single digit in number, covering all levels of government.
• Review of the 2017 National Tax Policy to produce a new National Policy on Tax and Fiscal Policy for ratification by federal and state governments.
• A national fiscal risk framework for efficient fiscal governance and fiscal stability.
• Enhancements to the revenue administration system and a robust framework for tax revenue accounting and reporting to improve taxpayer trust.
• Establishment of a Federal Office of Tax Ombudsman and Tax Simplification.
• Executive Orders and Regulations to implement reforms which do not require legislative changes.
• Model tax codes and revenue administration templates for adoption or adaptation by sub-national governments.
• A National Tax Amnesty Scheme to expand the tax net and give taxpayers an opportunity for self-remediation.