Estimated Reading Time: 1
President of the Nigerian Senate, Ahmad Lawan has tasked the Federal Inland Revenue Service(FIRS) to consider widening the tax net rather than overburden the people and business concerns.
Senator Lawan said this at the inauguration of the Inter-Ministerial Committee on the Audit and Recovery of back years Stamp Duties and FIRS’ formal launching of adhesive Stamp for Stamp Duties collection in Nigeria.
“We should rather expand the tax net. Let’s not over burden our businesses or our citizens,” Lawan said at the event which took place in Abuja on Tuesday.
The Senate President said there are many people who are supposed to pay taxes but are not captured in the tax net.
“Let’s expand the tax net and ensure that we have in the net many more Nigerians who are supposed to pay taxes, and you have our support at all times,” he stated.
According to him, the Senate is aware of the various challenges against the efforts of the FIRS to rejig tax administration in the country especially the global challenge posed by the Covid-19 pandemic.
The Senate President believes that the recent posting by FIRS of an impressive first quarter result was an indication that the current leadership of FIRS is working.
“Indeed, this is an indication that agencies of government, if given the necessary all round support and collaboration, will be able to deliver excellent results.
“We will continue to acknowledge, encourage and support the initiatives and efforts of revenue generating agencies of government to improve their revenue collection, especially in these trying times.
“The Senate and the National Assembly will continue to provide the necessary legislative backings and oversight functions that will help maximise the revenue of government and ensure that government is better positioned to deliver on its mandate,” Lawan said.
- Breaking: Senator Buruji Kashamu dies of COVID-19
- “There was no prior notice of the procession” – Kaduna Police arrests those protesting killings of Southern Kaduna residents
- Northern governors condemn attacks on Southern Kaduna
- PDP NWC sets up electoral committee for Cross River State congress
- Bauchi Government defends appointment of SA on unmarried women
- Do not sack service chiefs, Governor Umahi advises Buhari
- 2023: Southern Nigeria should produce the next president says El-Rufai
- World Bank approves over $114 million for Nigerian states to fight COVID-19
- NMA reacts to reports of violence at doctors’ elections in Enugu
- COVID-19: UBER records $1.8 Billion loss