• Privacy Policy
  • Terms
  • About us
  • Contact Us
Wednesday, March 29, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Joint Tax Board tasks politicians on tax compliance

Tax

The Matters Press by The Matters Press
June 24, 2022
Reading Time: 2 mins read
0
2020 Finance Bill prescribes tax incentives

[ File # csp5324016, License # 2715984 ] Licensed through http://www.canstockphoto.com in accordance with the End User License Agreement (http://www.canstockphoto.com/legal.php) (c) Can Stock Photo Inc. / gunnar3000

The Joint Tax Board (JTB) says it is working with the Code of Conduct Bureau, political parties and other stakeholders to ensure tax compliance by political office holders.

RELATED POSTS

Zenith Bank grows gross earnings to N945.5bn in 2022

Afreximbank releases $10m finance facility to Parallex Bank

NLC, TUC concede two weeks to CBN to end cash crunch

Mr Monday Onyeme, the Executive Chairman, Delta State Internal Revenue Service, made this known at a meeting with state Chairmen of Internal Revenue Service on Thursday in Abuja.

The meeting was organised by the Joint the Tax Board with the theme, “Effective Tax Compliance for Political Office Holders: A Panacea for National Development”.

Onyeme, who was the Acting Chairman at the meeting, said the move had become necessary in view of tax evasion by some political office holders.

ALSO READ  Telephone users, cable subscribers, land owners to pay tax in Benue

According to him, it has been established that some political office holders, with various streams of income, only pay tax based on the offices they occupy.

He said the era of tax evasion was over, as the board was putting up mechanisms that would make it difficult for any political office holder to withhold tax on their various commercial ventures.

He said, “the theme of today’s event is very timely.

“We have resolved that the JTB will put strategies in place to be sure that political offices holders comply.

“We do know that some political office holders had things doing before vying for political offices and there is always a gap.

“Some of them with businesses outside the offices they occupy, do not reflect it, thereby, validating taxes on them.”

He said that due diligence would be done to ensure that “Tax Clearance Certificates (TCC) being presented by political office holders match or align with the assets they declare to the Code of Conduct Bureau.

ALSO READ  Africa Forum mobilises fund for Abidjan-Lagos highway project — AfDB

“If you declare this much, we want to see that reflect in your Tax Clearance Certificate (TCC).

“That is a way of ensuring that the political offices holders comply with tax payment.”

Onyeme, however, noted that the problem with effective tax compliance was not peculiar to political offices holders but all Nigerians age 18 and above with means of income.

He said that the Board would also ensure tax compliance by other Nigerians.

The acting chairman further said that measures had been taken to ensure that radio and television licenses were implemented for the benefit of the 774 local government areas among other plans.

ALSO READ  LIRS, FIRS sign pact on tax audit

“We also talked about data for tax compliance at the meeting.

“We are working in collaboration with agencies that accumulate data to ensure that all tax authorities including Federal Inand Revenue Service (FIRS) make use of data effectively.

“The JTB is also agreeing today that the road taxes are harmonised.

“We are coming together to come up with a common platform for collecting road taxes across the states of the federation so that there will be no disparity.

“We are also making sure that the road taxes mechanism is automated in such a way that it will virtually be impossible for a road user to evade paying taxes,” he said.

Dr Titilayo Fowolan, Head of Strategic Tax and Compliance, Dangote Group, Mrs Mimi Adzafe-Orubibi, Chairperson, Benue State Internal Revenue Service and other participants harped on compliance.

Tags: Tax
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Zenith Bank unveils N765.6bn gross earnings
Economy/Technology

Zenith Bank grows gross earnings to N945.5bn in 2022

March 29, 2023
Eswatini for $140m Afreximbank’s credit
Economy/Technology

Afreximbank releases $10m finance facility to Parallex Bank

March 29, 2023
New Naira notes unavailable even as CBN campaigns for acceptance
Economy/Technology

NLC, TUC concede two weeks to CBN to end cash crunch

March 29, 2023
Alibaba Group to split into 6 business units
Economy/Technology

Alibaba Group to split into 6 business units

March 29, 2023
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Stock market dips by 1.2% amid profit-taking

March 29, 2023
Cash, petrol scarcity create food crisis in Nigeria
Agriculture

Domestic food prices remain high- World Bank

March 28, 2023
Next Post
CIIN president tasks Insurance directors on manpower development

FCT moves to enforce compulsory insurances

China’s agricultural wholesale products prices continue to drop

Nigeria, Brazil partner on supply of tractors to farmers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

AfCFTA’s potential for enterprises dominates discussion

AfCFTA will lift Nigeria’s trade to 25% by 2035

May 3, 2022
Nigeria gets AfDB’s $14m as member of ATI

AfDB targets to build back Africa boldly, smartly

September 1, 2020
Gombe: Troops take over to enforce peace

Nigeria rewards gallant soldiers

February 17, 2020

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Zenith Bank grows gross earnings to N945.5bn in 2022
  • Afreximbank releases $10m finance facility to Parallex Bank
  • NLC, TUC concede two weeks to CBN to end cash crunch

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?