Sunday, May 26, 2024

National assembly urged to pass tax crime bill

The bill also seeks the establishment of a National Inspector General for Tax Crime Commission (NIGTCC).

• December 12, 2022
NASS COMPLEX
NASS COMPLEX

The Association of Concerned Citizens of Nigeria on Revenue and Economy(ACCNRE) has called on the National Assembly to pass the Tax Crime Commission Bill before it.

The bill also seeks the establishment of a National Inspector General for Tax Crime Commission (NIGTCC).

The body said if the recommendations and the strategic framework in the bill could be implemented, Nigeria would witness a tremendous inflow of tax revenue of more than 30 per cent to the country’s gross domestic product (GDP).

The national coordinator of ACCNRE, Orji Orji, disclosed this on Monday in Abuja while briefing journalists at the National Assembly.

“No one likes to pay tax, neither does government wants to impose it on its citizens, but no nation can exist without tax,” Mr Orji said.

The ACCNRE leader said there was a need for the government to take the responsibility of fashioning a fair, efficient and transparent taxation system.

Mr Orji said the system should be able to guarantee the security and the protection of the taxpayer’s rights. He added that the bane remained a system failure in the nation’s economic management, caused by the inefficient and infective taxation system it has operated.

Mr Orji said if established, the NIGTCC would provide policy direction, conduct, supervise, and coordinate audits and investigations related to Federal Inland Revenue Service (FIRS) programmes and operations.

He said it would also review existing and proposed legislation and regulations relating to FIRS programmes and operations and make recommendations concerning the impact of such legislation in the administration of the tax laws.

He said it would inform the auditor-general and the legislature of identified problems and deficiencies and the steps taken to resolve them. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Sean Baker at Cannes festival

Showbiz

Sean Baker’s “Anora” clinches Palme d’Or at Cannes festival

He is the first American director to win the Palme since Terrence Malick’s 2012 victory with “The Tree of Life.” 

Federal Competition and Consumer Protection Commission (FCCPC)

NationWide

Tinubu’s credit scheme to protect Nigerians from unregistered loan firms: FCCPC

Mr Abdullahi said the scheme will reduce the rate at which Nigerians patronise unregistered loan applications.

Federal Competition and Consumer Protection Commission (FCCPC)

NationWide

Electricity issues topped customers’ complaints to FCCPC last year

Mr Adullahi said that the MacArthur foundation granted funds to intervene in the electricity sector.

NationWide

Ex-EFCC chairman, Lamorde, dies, corpse to arrive Nigeria from Egypt Monday

He passed away in an Egyptian hospital while undergoing kidney stone surgery.

Dollars

Economy

CBN bans bureau de change operators from street trading of forex

“Street trading of foreign currencies is not allowed.’’

Nicki Minaj

Showbiz

Nicki Minaj detained at Amsterdam airport over alleged drug possession, released after fine payment

“This is what it looks like when people are paid big money to try to sabotage a tour after all else failed.’’