The federal government has revealed its intention to make more Nigerians pay taxes.
This was disclosed by Zacchaeus Adedeji, special adviser to the president on revenue, at the Presidential Villa, Abuja.
According to him, the federal government has no intention to impose new taxes on Nigerians…….CONTINUE READING
He said rather than introduce new taxes; the government would ensure it improves the collection of existing taxes.
He said:
“There’s a plan or possibly proposal for petroleum tax if you look at the current price templates, that has already been included, so this suspension has nothing to do with that.
So the pricing structure that you have for PMS today, all those have been included, there’s no new taxes that we’re bringing in. One of the key focus of this administration is to harmonise our taxes, and the way we collect it.
“Mr. President actually wants to simplify and make it friendly to business, the way we operate taxes in Nigeria. As we know, when we talk about revenue management, it’s not only in tax collection; the starting point is our economic policy because our aim is not to tax poverty.”
He said the government does not intend to tax production to increase productive activities.
“Our aim is not to tax production. Our aim is to increase our productive activities, and capacity to produce, then we can tax our consumption and that is the direction of our economic planning and then we want to increase the trust that we have in the government.
“If you have observed what has happened in the last months that we’ve been here, we’ve kept our words, part of what we are doing today, just to increase this trust that we’re here to do what’s best for the country.
“Lastly, we have a robust plan to improve our collection management and compliance management because that is what is needed.
“So we’re not going to impose new taxes; it’s the one that we have that we’ll improve the collection, the management and the efficient use of those resources. That is the pledge and promise of Mr President, which we’re here to make sure comes to reality,” he said.
