The Director General of National Orientation Agency (NOA), Mallam Lanre Issa-Onilu, has described the Tax Reform Bills currently before the National Assembly as a major way the Nigerian government wants to bring to an end issues of double taxation on citizens, support for low-income earners, a simpler and transparent processes of tax payments, as well as achieve visible impacts of taxes for national development.
The NOA boss spoke during a Press Conferences in Abakaliki to flag-off the nationwide sensitization campaigns on Security Awareness, Discouraging Get Rich Quick Syndrome, and the new Tax Reform Bills.
The Director General of the Agency, represented by the Director of Environment, Climate and Energy, Emeka Egbugara gave an insight on the Tax Reform Bills as it seeks to bring everything about taxation and administration of taxes in Nigeria under four different pieces of legislation.
Egbugara said the Bills is a compendium of taxes charged in Nigeria and a way government is working to stop different levels of authorities from taxing people for the same things.
“The Nigeria Tax Bill is where all major taxes imposed on individuals and companies are clearly stated as well as the rates. This bill is just like a compendium of taxes charged in Nigeria.
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The Nigeria Tax Bill basically amalgamated all the existing laws in which provisions for taxation was made. When passed, this bill will lead to the repeal of 11 laws that contain provisions on imposition and collection of taxes.
These reforms are designed to ease the burden on hardworking Nigerians while ensuring everyone contributes fairly. By supporting this effort, we can create a tax system that works for all and funds the development projects that will improve our nation”.
The Ebonyi State Director of the Agency, Theophilus Nwokpor, wants the citizens to be proactive in reporting incidents of security threats to security agencies as well as cooperate with security operatives through timely information even as it relates to what he described as the ugly meanace commonly practiced by Youths in a move of Get-rich-quick syndrome witness in our society today.
(Editor: Ken Eseni)
