The expected outcomes from the work of the committee will include, but 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
Preparation of a harmonised list of taxes and levies, not exceeding single digit in number and 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 the federal and state governments
A national fiscal risk framework for efficient fiscal governance and fiscal stability
Enhancements to the revenue administration system to improve revenue mobilisation and a robust framework for tax revenue accounting and reporting to improve taxpayer trust
Establishment of Federal Office of Tax Ombudsman and Tax Simplification
Executive Orders and Regulations to implement tax and fiscal reforms which do not require legislative changes
Model tax codes and revenue administration templates for adoption or adaptation by subnational level of government
A National Tax Amnesty Scheme to expand the tax net and give taxpayers the opportunity for self-remediation