The Presidential Fiscal Policy and Tax Reforms Committee says the 5 percent fuel surcharge in the new tax laws is not a new levy introduced by the administration of President Bola Tinubu.
In a frequently asked questions on Saturday posted by Taiwo Oyedele, the committee said the surcharge has existed since the Federal Roads Maintenance Agency (Amendment) Act, 2007, and was only restated in the new tax act for harmonisation and transparency.The clarification follows concerns that the provision could trigger further hardship on Nigerians.According to the Tax Act, a fossil fuel product becomes chargeable upon the earliest occurrence of supply, sale, or payment.
Responding to questions, the tax reforms committee said the surcharge was not part of the original tax reform bills submitted by Tinubu to the national assembly, and will not take effect automatically with the new tax laws.“It will only commence when the Minister of Finance issues an order published in the Official Gazette as stated under Chapter 7 of the Nigeria Tax Act, 2025,” the committee said.