The Federal Government has disclosed that the Tax Reform Bill before the National Assembly would, apart from ensure ease of doing business, protect poor people from extraneous tax payment.
Speaking with newsmen in Osogbo at a press briefing held at the National Orientation Agency, NOA office, NOA’s Director-General, Mallam Lanre Issa-Onilu said the bill when passed would eliminate multiple taxation which has become a problem in the country.
Represented by the agency Director, Report Coordination and Improvement, Olubukola Olorunfemi, he said the bill would enhance the ease of doing business and development.
His words, “The tax reform bills are four different bills that seeks to bring everything about taxation and administration of tax in Nigeria under four different pieces of legislation. The bills are as follows:The Nigeria Tax Bill. The Nigeria Tax Administration Bill. The Nigeria Revenue Service Establishment Bill and The Joint Revenue Board Establishment Bill.
“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.
“The government is working to stop different levels of authority from taxing people for the same thing. Those earning very little will pay little or no taxes, helping them manage their finances better.
“New digital systems are being introduced to make tax payments easier, faster, and more accountable. Tax revenue will be used to improve essential public services like schools, hospitals, and infrastructure, ensuring citizens see the benefits of their contributions”.
He added that the reforms are designed to ease the burden on hardworking Nigerians while ensuring everyone contributes fairly.
