The NRS maintains that the initiative is part of the agency’s effort to improve taxation education across Nigeria.
A fellow of the Chartered Institute of Taxation of Nigeria, Olugbenga Obatola, says the new Nigerian Tax Reform Act will ease the tax burden on low-income earners to tax affluence.
They said such measures would help boost domestic production and further reduce the country’s inflation rate.
The president of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, says the new tax reform will rather benefit the downtrodden than impoverish them.
The president explained that if the tax bill were passed into law, it would bring sanity into the practice and administration of taxation.
Nigeria is among the 10 countries on the continent burdened by the highest debt of $2.6 billion owed the IMF.
The governor urged taxpayers not to view tax payments not as a burden.
“The Federal Government should put in more effort to tackle oil theft in the Niger Delta.’’
The vice-president says taxes on small and medium scale businesses have been significantly lowered within the period under review.
