By Tony Obiechina, ABUJA. A top Nigerian tax administrator, Mr Mathew Olusanya Gbonjubola, has been elected as the Vice Chairman of Inclusive Framework, a global network of over 120 tax jurisdictions set up by the G20 to forge common front for the fight against Base Erosion and Profit Shifting (BEPS).
Gbonjubola, the Director of International Taxation at the Federal Inland Revenue Service (FIRS), who represented Nigeria at the meeting held in Kyoto, Japan, was also elected as a member of the Steering Group of the body.
Established in 2015 shortly after the publication of the final reports of the BEPS project, the Inclusive Framework is being coordinated by the Organisation for Economic Cooperation and Development (OECD).
The Inclusive Framework currently has 123 member-countries. Nigeria formally joined the body at inception in 2016 and was one of the jurisdictions that attended the inaugural meeting held in Kyoto (Japan) in June 2016.
All the members of the Inclusive Framework operate on an equal footing irrespective of size or level of advancement of their economies.
Some of the achievements of the body include the successive development and execution of the Multilateral Competent Authority Agreement on Country-by-Country Reporting (CBCR), the Multilateral Instrument on Tax Treaties, and the world-wide acceptance and implementation of other BEPS measures.
The Steering Group of the Inclusive Framework was re-constituted in 2018, and Gbonjubola was elected the 2nd Vice Chairman for a two-year term.
Gbonjubola, who also chairs the Cross-Border Taxation (CBT) Committee of the African Tax Administration Forum (ATAF), is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and associate member of the Chartered Institute of Taxation of Nigeria (CITN). He holds the Higher National Diploma (HND) in accountancy and Masters of Business Administration (MBA).
His professional career traversed accountancy practice, construction, publishing, hospitality and micro-finance industries before venturing into tax administration.
He went into tax administration in 1997 and worked, at various times, in tax audit, tax investigation, tax policy and transfer pricing functions before his current posting as Director, International Taxation.
Gbonjubola chairs the Cross-Border Taxation (CBT) Committee of the African Tax Administration Forum (ATAF). He represents both Nigeria and ATAF on the Working Party 6 of the OECD. He is a member of the United Nations’ Subcommittee on Transfer Pricing. He speaks at various local and international tax meetings.
The council is chaired by Martin KREIENBAUM, from Germany, while Jianfan WANG from China, is the 2nd Vice Chairman.