L
LequteMan
Guest
Nigeria- The House of Representatives on Thursday urged the Federal Government to discontinue the selective enforcement of tax laws.
Rep. Friday Itulah (EDO-PDP) during the house’s plenary in Abuja appealed to the house to urge the Ministry of Finance to direct the Federal Inland Revenue Service (FIRS) to ensure strict enforcement and compliance with the national policy and procedures in tax collection across board.
"By rebasing the economy, the tax revenue to the national economy fell from 11.44 per cent (pre-rebasing) to 6.04 per cent (post-rebasing) in 2013, arising from government's discriminatory and selective enforcement of tax laws, tax concessions and waivers “, he said.
The lawmakers also urged the government to reconsider the discretionary granting of incentives, waivers as well as other concessions to businessmen.
They said future rebasing of the nation’s economy should include other vital aspects of the economy such as communication, entertainment, tourism and the Nollywood film industry.
He said that governments across the world, on the average reassessed their GDP computations every five years to reflect changes in output and consumption.
#Nigeria #Tax
Rep. Friday Itulah (EDO-PDP) during the house’s plenary in Abuja appealed to the house to urge the Ministry of Finance to direct the Federal Inland Revenue Service (FIRS) to ensure strict enforcement and compliance with the national policy and procedures in tax collection across board.
"By rebasing the economy, the tax revenue to the national economy fell from 11.44 per cent (pre-rebasing) to 6.04 per cent (post-rebasing) in 2013, arising from government's discriminatory and selective enforcement of tax laws, tax concessions and waivers “, he said.
The lawmakers also urged the government to reconsider the discretionary granting of incentives, waivers as well as other concessions to businessmen.
They said future rebasing of the nation’s economy should include other vital aspects of the economy such as communication, entertainment, tourism and the Nollywood film industry.
He said that governments across the world, on the average reassessed their GDP computations every five years to reflect changes in output and consumption.
#Nigeria #Tax
