FIRS mulls road tax law to increase revenue generation

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FEC recently approved a new toll policy.

“So what we have decided to do is to propose the introduction of road taxes to the federal government through our special tax operations department so that at least 50 trucks that would be plying these roads for free at any given point in time, come across a toll gate or probably somewhere that we are going to use electronic devices to collect it without necessarily erecting toll gate.

“We are aware that the owners of these trucks, they don’t pay anything to the government, they don’t get the FIRS certificate. So up to 15 or 20 trucks that will ply the road that is built with a personal income tax that I pay and you pay and then they don’t pay taxes. That is what we want to identify.”

The FIRS boss also lamented the challenges of incorporating the informal sector into the tax bracket. He informed the lawmakers that the Service was considering ‘presumptive tax’, but had to drop it due to conflict with existing laws. “What we have done on the informal sector at a time was trying to propose what we call a presumptive tax to the National Assembly. But in the course of doing that we face a bit of challenge and we did not submit the proposal yet, simply because we discover that there is an Act of the National Assembly that exempts businesses with a turnover of about N1 to N25 million,” he said.

 

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They want to tax unemployed citizens 🙄😒😑. Mad government.

You cannot tax your citizens to death 😒

The roads that are not motorable? Mad people!

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