The Federal Inland Revenue Service, FIRS, has allayed fears over tax reforms that would lead to new taxing systems, stating the revenue agency was not planning new taxes. Chairman of FIRS, Zacch Adedeji, stated this at an interactive session with the Senate Committee on Finance at the National Assembly Abuja on Tuesday.
Reacting to a series of questions by members of the Senate committee led by Senator Sani Musa, he emphasised that tax reform laws would not entail introduction of new taxes or increase of already existing ones. Adedeji said the current taxes paid by Nigerians would rather reduced, adding that no agency will be merged in the process of carrying out the reform and no job will be taken from anybody.
On the executive bills already forwarded to both chambers of the National Assembly for legalising the reform, the FIRS boss said: 'The four bills which are Nigeria Tax Bill , Nigeria Tax Administration Act Bill, Nigeria Revenue Service Bill, and Joint Revenue Board Bill, when passed into law, would among others, help to harmonise the multiple tax laws in the country, drive efficiency and modernisation, simplify tax laws and ensure synergy among agencies involved, increase efficiency and...
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