Nigeria

Senate President tasks govt tax collectors to widen tax net

President of the Senate, Ahmad Lawan on Tuesday tasked the Federal Inland Revenue Service(FIRS) to consider widening the tax net rather than overburden the people and business concerns.

Lawan was the Guest Speaker 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.

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,” Lawan said.

The Senate President said 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.

He said 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.

Football news:

Kike Setien: I See myself as Barca's coach next season
Disney's tourist Paradise, where MLS and the NBA return: 50+ playgrounds, a lot of children at normal times, cartoon characters everywhere🧞 ♂ ️
Solskjaer on the cancellation of the ban of Manchester City: Let it be discussed by others. It's not my job
Zidane on bale: People try to invent our conflict, but they will not achieve anything. We are United
The transfer window in England will be open from July 27 to October 5
De Jong entered Barca's bid for the match with Osasuna. He missed a month due to an injury
Kyle Walker: Foden is the best young footballer I've ever seen. And I played with Kane