Featured Finance

Don calls for strengthening of Nigeria’s tax system, administration

The Vice Chancellor of Kaduna State University, Prof. Muhammad Tanko, has said Nigeria must strengthen its tax system to gain maximally from it.

Tanko made the remarks in a presentation on “The Nigerian Tax and Administration” organised by the Department of History of the university, in Kaduna.

The vice chancellor said government should continuously improve the nation’s tax system and administration, which presently is fraught with so many inadequacies.

“There is no consistent policy that guides the tax system, no cooperation among tax authorities and no segmentation of tax payers that will help in knowing the tax payers. When you don’t know your tax payers, there is no way you can effectively generate revenue,” he noted.

He, however, stated that the problems could be solved if government would imbibe the tax for service policy, where people see the services they paid for as tax.

Tanko also mentioned that mobile or designated courts should be used to try tax defaulters, while an effective monitoring system should be adopted to track tax defaulters and utilisation.

He suggested the use of religious education to encourage tax compliance and for government to include the issue of tax in schools curriculum to create necessary awareness on the importance of tax.

In his remark, the Chairman, Kaduna State Internal Revenue Service, Mukhtar Ahmad said that the state has raised its revenue generation capacity after adopting new tax collection measures.

He said tax payers were made to pay through banks to reduce leakages, while the state had established a tax appeal committee where tax payers could lay their complaints on issues related to tax.

Ahmad, however, expressed concern over the poor tax payment culture among Nigerians, saying most people shy away from paying tax

Related posts

Finance Minister updates Reps on 2021 budget implementation

Meletus EZE

NCDC confirms 417 new COVID-19 case, total infection jumps to 49,485

Meletus  EZE 

TCN reiterates commitment to steady power supply – MD

Abisola THOMPSON

Sen. Abiru supports traders with N62m grants, inaugurates projects in Lagos

Our Reporter

Buhari on escalating banditry in the North – Punch

Editor

Dangote Confirms NNPC, Others’ Interest in Refinery

Our Reporter