Saturday, September 28, 2024
Home HEADLINES Kaduna revenue: El-Rufai stops multiple levies, taxes, consolidates all into one

Kaduna revenue: El-Rufai stops multiple levies, taxes, consolidates all into one

-

Kaduna State Governor Nasir El-Rufai has declared a state of emergency on revenue generation in the state and consolidated all the multiple taxes, levies and other collectible revenues into one law to be collected by one revenue agency.

The State commissioner of Finance, Suleiman Abdu Kwari disclosed the emergency measure in a statement and added that a new interim management has been appointed for the Kaduna State Board of Internal Revenue.

Kwari said the declaration of the emergency was necessitated by the need to structure and improve the internally generated revenue of the state in the short, medium and long term.

The structuring will entail a significant reform of the legislation and practices governing the generation and collection of revenue in Kaduna State.

- Advertisement -

“A major plank of this reform is the new tax legislation being considered by the Kaduna State House of Assembly. The proposed tax law codifies and consolidates all taxes, levies and revenues collectible in Kaduna State in one law and one document.

“The law will vest the collection of these revenues in only one agency, a revamped Kaduna State Internal Revenue Service. This will give investors more certainty, ease the cost of doing business and remove the problem of multiple taxation and harassment by multiple agencies,” he said.

According to the Commissioner, the new interim management of the revenue board has the mandate to prepare the revenue agency for its expanded mandate under the new legislation.
-Leadership

Must Read

Ex-minister Geoffrey Onyeama ‘created report’ on Lilian Onoh published by Sahara...

0
Ex-minister Geoffrey Onyeama 'created report' on Lilian Onoh published by Sahara Reporters, Sowore tells US Court By Jeffrey Agbo...