Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,421 members, 7,954,662 topics. Date: Saturday, 21 September 2024 at 05:53 AM |
Nairaland Forum / Nairaland / General / Politics / Government To Create Integrated Automated Tax System (988 Views)
Nigeria’s Tax System To Be Automated In October – FIRS / :True Federalism,Harmonized Tax System &Reduction Of State,New Lagos / What's Wrong With Our Tax System ? (2) (3) (4)
Government To Create Integrated Automated Tax System by Beaf: 11:58pm On Oct 11, 2010 |
[size=14pt]Government to create integrated automated tax system [/size] By Bassey Udo October 11, 2010 10:53PM The Federal Government is to create an integrated automated tax administration as part of efforts towards a holistic development of the country’s tax system, in line with the present administration’s commitment to the principles of transparency and accountability. President Goodluck Jonathan said this yesterday, in Abuja, at the opening of the 31st technical conference of the Commonwealth Association of Tax Administrators (CATA). Mr. Jonathan added that various multi-billion naira projects were recently approved for the development of a unique tax identification system to facilitate the development of a national taxpayer database. The president, who was represented by the Secretary to the Government of the Federation (SGF), Mahmud Yayale Ahmed, said a National Tax Policy was also approved early this year to underscore his administration’s determination to build an enduring tax culture in the country. “We have recently approved various projects running into billions of naira for the development of a national unique Taxpayer Identification System, which will serve as a national taxpayer database. We are also in the process of approving another project for the creation of the Integrated Tax Administration System, which is intended to automate and create a seamless system of tax administration in the country. “This, along with other initiatives in the tax system, show that government is aware of the importance of an effective tax system and will do all within its powers to provide one to the Nigerian people”, Mr. Ahmed said. He added that the tax sector has significantly developed and fast becoming a major contributor to the development of the country’s overall economy. “Nigeria’s tax system is today being held up as a model among its peers. This can be directly attributed to the tax reforms, which commenced about a decade ago, and which have been sustained by the present administration. We will continue to provide the necessary conditions and support required by the tax authorities to make taxation the bedrock of the Nigerian economy and a major sustainable source of government revenue,” he said. Tax is important Segun Aganga, the minister of finance, represented by Yabawa Lawani Wali, the minister of state for finance, said an ineffective tax system as a result of poor funding, lack of enabling technology, lack of training, and skilled human capacity, has always led to leakages and huge losses of government revenue. Mr. Aganga said in most developing countries that depend on the development of natural resources as government’s major revenue earner, the tax administration system has been left behind by the transition from a mono-product economy to an industrialised and diversified economy, due to government’s inability to properly understand and cover transactions within the specialised areas covering oil and gas as well as telecommunications. The minister expressed the hope that the conference, which focuses on the theme ‘Exchange of Information: Domestic and International and the Taxation of Specialized Sectors’, would come up with resolutions that would enable tax administrations of Commonwealth member countries utilise available skills and technology to maximise tax revenues from specialised sectors for national economic development. Ifueko Omogui-Okauru, the chairman, Federal Inland Revenue Service (FIRS), said the annual technical conference has always provided avenue for Commonwealth countries to deliberate on critical issues affecting tax administration in the countries. Mrs. Omogui-Okauru noted the significant progress by government in the development of the country’s tax system and administration, though she noted that more work still need to be done, as is the case in most CATA member nations. http://234next.com/csp/cms/sites/Next/Money/5629274-147/government_to_create_integrated_automated_tax.csp |
Re: Government To Create Integrated Automated Tax System by LouisThoru(f): 12:01am On Oct 12, 2010 |
it will never work, in fact only fools pay tax, government people will eat the money. how many people pay tax abroad, it will never work joo. |
Re: Government To Create Integrated Automated Tax System by Beaf: 1:20am On Oct 12, 2010 |
LouisThoru: Bros, you de fear tax? If "abroad" means Somalia, then very few pay tax, if however, it means places like Europe, the US or China, then everyone pays (except criminals). The good sides of taxation far outweigh any negatives; Lagosians are seeing its benefits and are quite happy, indeed they couldn't be farther away from complaining. @topic Nigeria desperately needs to begin building all the institutions that make normal countries tick. We can't continue living in a society based on theft; those at the top steal like they are mentally handicapped, while bribing the sods at the bottom with lawlessness like not paying taxes and access to the most sensitive documents with a little egunje. But the current system of patronage takes back twice as much as it gives to its sorry customers. I am quite encouraged by the raft of developments coming out of govt these days, which should see Nigeria becoming a more accountable country. Things might not yet be perfect, but a solid framework is being built. No modern country runs without data, but our shamelessly corrupt Nigeria has made that a goal, because corruption hates leaving traceable tracks. If all goes smoothly, the national unique Taxpayer Identification System will enable every adult to be counted and will serve as a reference point for all sorts of interesting data. For example, at the press of a button, figures for the contribution of women folk to the economy will pop out; at the press of another button figures for men between the ages of 30 and 45 from Ogoja will be available. Now thats real basis for planning! It falls on each and every one of us to fight hard so that projects such as this one do not fall by the wayside, or end with the present govt. We are heading slowly, but surely toward true federalism. Some time ago, I posted about another project thats about calculating revenues raised at all levels by all LG's and states. It is a very encouraging and far-sighted article, just what Nigeria needs; here it is again;
http://www.businessdayonline.com/index.php?option=com_content&view=article&id=13599:fg-budgets-n16bn-to-compute-states-contribution-to-national-economy&catid=85:national&Itemid=340 |
Re: Government To Create Integrated Automated Tax System by Abeem(m): 5:32am On Oct 12, 2010 |
LouisThoru:It is evident that Lord Louis is not alive to his civic responsibility. He is most likely to be living on the fringes or he is self-employed or probably he has not had any gainful employment or perhaps, he is working in the underground economy and his wages doesn't get reported to the government. Otherwise, he could not have made that gaffe. Tax evasion is a crime and don't let me come after you, because I am a tax auditor. |
(1) (Reply)
The Okah's; Brothers Of Trouble / The Creeping Desert And The Vanishing Nomad / Iyabo & Bankole Head For Tribunal
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 27 |