Apples Bite International Magazine
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    INSECURITY: Tinubu Okays Establishment of National Forest Guard System, 130,000 Armed Operatives for Recruitment

    INSECURITY: Tinubu Okays Establishment of National Forest Guard System, 130,000 Armed Operatives for Recruitment

    DATING KNOWLEDGE: Diddy's Ex Girlfriend, Cassie Ventura Gives Details on how Kid Cudi’s Car was Blown Up

    DATING KNOWLEDGE: Diddy’s Ex Girlfriend, Cassie Ventura Gives Details on how Kid Cudi’s Car was Blown Up

    Tension in Lagos, Ogun Over Circulation of Alleged ‘Deadly Rice’

    Tension in Lagos, Ogun Over Circulation of Alleged ‘Deadly Rice’

    How Oshiomhole Introduced Me to Politics - Desmond Elliot

    How Oshiomhole Introduced Me to Politics – Desmond Elliot

    Cassie Narrates How Sean ‘Diddy’ Combs Raped Her, Threatened to Release Sex Videos

    Cassie Narrates How Sean ‘Diddy’ Combs Raped Her, Threatened to Release Sex Videos

    [ICYMI] Osimhen Emerges Foreign Player with Highest Goal in Turkish League Record

    [ICYMI] Osimhen Emerges Foreign Player with Highest Goal in Turkish League Record

    Noussair Mazraoui

    Winning The Europa League Won’t Erase MUFC’s Miserable EPL Season – Mazraoui

    Ruben Amorim

    I Can’t Watch MUFC’s Standard Drop On The Pitch And Not Take Responsibility – Ruben Amorim

    Tana Adelena

    I’ll Smile More Henceforth To Thank God For Sparing My Life – Tana Adelana

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • CONTACT US
No Result
View All Result
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    INSECURITY: Tinubu Okays Establishment of National Forest Guard System, 130,000 Armed Operatives for Recruitment

    INSECURITY: Tinubu Okays Establishment of National Forest Guard System, 130,000 Armed Operatives for Recruitment

    DATING KNOWLEDGE: Diddy's Ex Girlfriend, Cassie Ventura Gives Details on how Kid Cudi’s Car was Blown Up

    DATING KNOWLEDGE: Diddy’s Ex Girlfriend, Cassie Ventura Gives Details on how Kid Cudi’s Car was Blown Up

    Tension in Lagos, Ogun Over Circulation of Alleged ‘Deadly Rice’

    Tension in Lagos, Ogun Over Circulation of Alleged ‘Deadly Rice’

    How Oshiomhole Introduced Me to Politics - Desmond Elliot

    How Oshiomhole Introduced Me to Politics – Desmond Elliot

    Cassie Narrates How Sean ‘Diddy’ Combs Raped Her, Threatened to Release Sex Videos

    Cassie Narrates How Sean ‘Diddy’ Combs Raped Her, Threatened to Release Sex Videos

    [ICYMI] Osimhen Emerges Foreign Player with Highest Goal in Turkish League Record

    [ICYMI] Osimhen Emerges Foreign Player with Highest Goal in Turkish League Record

    Noussair Mazraoui

    Winning The Europa League Won’t Erase MUFC’s Miserable EPL Season – Mazraoui

    Ruben Amorim

    I Can’t Watch MUFC’s Standard Drop On The Pitch And Not Take Responsibility – Ruben Amorim

    Tana Adelena

    I’ll Smile More Henceforth To Thank God For Sparing My Life – Tana Adelana

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • CONTACT US
No Result
View All Result
Apples Bite International Magazine
No Result
View All Result
Adron Homes
Home Brand & Business Bite

Hard But Necessary Reforms, Imperative To Ramp Up Tax Revenues — Muhammad Nami, Chairman Joint Tax Board

Seunmanuel Faleye by Seunmanuel Faleye
August 8, 2023
in Brand & Business Bite, News Bite
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

For Nigeria to attain optimum tax revenue collection capacity across the Federal, States and Local Government tax authorities, the country must make hard but necessary reforms that would yield long term benefits.

This was the position stated by the Chairman of the Joint Tax Board (JTB), Mr. Muhammad Nami, who is also the Executive Chairman of the Federal Inland Revenue Service (FIRS) at the 153rd Meeting of the Board which held today in Abuja with the theme: “Harmonization and codification of taxes at the National and Sub-national levels: Key to achieving a tax friendly environment in Nigeria.”

Mr. Nami, while delivering his address to the Board stated that for progress to be made in taxation, tax authorities must continue to explore and adopt measures and innovative initiatives that will lead to the optimisation of tax revenue for all levels of government.

“As the new administrations attempt to address the many socioeconomic challenges facing the nation on many fronts, it becomes imperative for all the levers of State to shake-off any lethargic antecedents and focus on the goal of a national resurgence.

“The unique and privileged offices we occupy as drivers of the nation’s tax administration processes presents us with a rare opportunity to take hard, but necessary decisions that are expected to yield long term benefits and add immense value to our collective prosperity as a nation.

“In recent years, especially since the dawn of our current democratic dispensation, the importance of taxation has continued to be reiterated and reinforced by all, and the critical role that tax-revenue plays in funding government and governance cannot be over-emphasized.

“However, as we continue to make progress in our unique model of taxation, it is appropriate that we continue to explore and adopt measures and innovative initiatives that will lead to the optimization of tax revenue for all the levels of government, in more efficient, more effective, more inclusive, and more sustainable ways.

“It is only by achieving this, that our efforts as tax administrators can trigger the manner of activity required in the productive sectors of our economy, towards achieving the immense economic potentials that we are capable of,” Mr. Nami said.

The Chairman of the Joint Tax Board further assured Executive Chairmen of State Revenue Authorities present that given the thrust of the current administration’s tax policy direction, the country was on the pathway to eradicating multiplicity of taxes as a core of its overall economic regeneration objectives.

Mr. Taiwo Oyedele, Chairman, Presidential Fiscal Policy & Tax Reforms Committee, while delivering a presentation on the theme of the meeting highlighted that multiple taxation was causing low tax morale in the country, as well as discouraging investments, while creating room for corruption and making doing business difficult.

The Presidential Fiscal Policy and Tax Reforms Committee Chairman further noted that the solution to the country’s revenue challenges is not to introduce more taxes, but to focus on the few taxes that are high yielding, noting that with these, tax authorities would be able to collect far more than is currently being collected.

Mr. Taiwo stated that for the government to raise more revenue, it needed to get to a point where the total number of taxes collected at the Federal, State and Local government levels would be at a single digit.

“We also need to clarify on taxing rights. We need to integrate tax collection functions—that is, all revenues that are to be collected must be collected by a single revenue agency. Government must also do well to fund our tax agencies well. We also need to harmonise revenue administration and simplify our approach to tax compliance,” Mr. Taiwo stated.

He further advocated for the country’s tax authorities to use more technology, review the country’s constitution and tax laws, as well revisit Nigeria’s concept of fiscal federalism.

Ogun DSS Detain President of Society of Digital Newspaper Owners of Nigeria, Otunba Femi Davies

Seunmanuel Faleye
Seunmanuel Faleye

Seunmanuel Faleye is a brand and communications strategist. He is a covert writer and an overt creative head. He publishes Apple’s Bite International Magazine.

Tags: Hard But Necessary Reforms Imperative To Ramp Up Tax Revenues — Muhammad Nami Chairman Joint Tax Board

Related Posts

INSECURITY: Tinubu Okays Establishment of National Forest Guard System, 130,000 Armed Operatives for Recruitment
Security

INSECURITY: Tinubu Okays Establishment of National Forest Guard System, 130,000 Armed Operatives for Recruitment

May 15, 2025
DATING KNOWLEDGE: Diddy's Ex Girlfriend, Cassie Ventura Gives Details on how Kid Cudi’s Car was Blown Up
Entertainment

DATING KNOWLEDGE: Diddy’s Ex Girlfriend, Cassie Ventura Gives Details on how Kid Cudi’s Car was Blown Up

May 15, 2025
Tension in Lagos, Ogun Over Circulation of Alleged ‘Deadly Rice’
News Bite

Tension in Lagos, Ogun Over Circulation of Alleged ‘Deadly Rice’

May 15, 2025
How Oshiomhole Introduced Me to Politics - Desmond Elliot
Politics

How Oshiomhole Introduced Me to Politics – Desmond Elliot

May 15, 2025
Cassie Narrates How Sean ‘Diddy’ Combs Raped Her, Threatened to Release Sex Videos
Entertainment

Cassie Narrates How Sean ‘Diddy’ Combs Raped Her, Threatened to Release Sex Videos

May 15, 2025
NNPCL Remit Only 50% Revenue Gains from PMS Subsidy Removal – W’Bank
Brand & Business Bite

NNPCL Remit Only 50% Revenue Gains from PMS Subsidy Removal – W’Bank

May 15, 2025
No Result
View All Result

Recent Posts

  • INSECURITY: Tinubu Okays Establishment of National Forest Guard System, 130,000 Armed Operatives for Recruitment
  • Dating is not for Those Jobless -Pastor Tells Congregation
  • DATING KNOWLEDGE: Diddy’s Ex Girlfriend, Cassie Ventura Gives Details on how Kid Cudi’s Car was Blown Up
  • SHADOW GOVERNMENT: DSS Sues Utomi
  • Tension in Lagos, Ogun Over Circulation of Alleged ‘Deadly Rice’

Recent Comments

    Apples Bite International Magazine

    Apples Bite Magazine is your premier destination for updates in business, daily news, and entertainment. At Apples Bite, we serve insightful stories and in-depth analysis, curated to empower professionals, entrepreneurs, and forward-thinking individuals who thrive on staying ahead of the curve.

    Our name ‘Apples Bite’ is inspired by the notion of discovery, innovation, and insight. Just as the iconic apple has been a symbol of knowledge and breakthrough—from the tale of Isaac Newton to the digital revolution—we believe that each bite of information you take from our platform brings you closer to understanding the world in smarter, sharper ways.

    © 2024 All Rights Reserved. ApplesBite International Magazine. Designed by DeedsTech.

    No Result
    View All Result
    • CONTACT US
    • Home – Applesbite Magazine
    • Home I ApplesBite Magazine
    • Privacy Policy

    © 2024 All Rights Reserved. ApplesBite International Magazine. Designed by DeedsTech.