LOKOJA—The Executive Chairman, Kogi State Board of Internal Revenue Services, Yakubu Oseni, has called on the state legislators to expedite action in the passage of the Revenue Harmonisation Bill.
Oseni, who made the appeal in Lokoja, said the bill, when passed, would address the challenges of tax administration in the state.
Oseni, who made the appeal in Lokoja, said the bill, when passed, would address the challenges of tax administration in the state.
According to him, “the bill will successfully handle issues of multiple taxation leakages and other fraudulent acts that result in low revenue generation capacity of the state.”
He explained that the law that gave autonomy to the board, which was enacted by an act of parliament in 2013 and domesticated by the state, only became operational on the assumption of Governor Yahaya Bello’s leadership in the state in June.
Oseni lamented that this development contributed to the low internally generated revenue, IGR, in the past, noting however that in no distant time the state’s IGR will reach the N1 billion target of the executive.
, in its efforts to sanitise tax administration, terminated the contract between it and a private company on the collection of forestry revenue because the company did not live up to its contractual terms.”
“Now that we are in charge, coupled with the investment and revenue generation drive of the governor, the state will soon reach the N1 billion monthly IGR target."
He explained that the law that gave autonomy to the board, which was enacted by an act of parliament in 2013 and domesticated by the state, only became operational on the assumption of Governor Yahaya Bello’s leadership in the state in June.
Oseni lamented that this development contributed to the low internally generated revenue, IGR, in the past, noting however that in no distant time the state’s IGR will reach the N1 billion target of the executive.
, in its efforts to sanitise tax administration, terminated the contract between it and a private company on the collection of forestry revenue because the company did not live up to its contractual terms.”
“Now that we are in charge, coupled with the investment and revenue generation drive of the governor, the state will soon reach the N1 billion monthly IGR target."
Credit: Vanguard.
No comments:
Post a Comment