Modern technology ‘ll curb tax leakages, fraudulent acts -Wadak

0


By Kateng Daniel, Jos


Chairman of Chartered Institute of Taxation of Nigeria (CITN) Jos District Society, Mr Isaac Wadak has advocated the use of modern technology to block tax leakages and fraudulent action to improve and sustain internally generated revenue in the country.

Mr. Wadak disclosed this at the maiden edition of the annual tax week of Chartered Institute of Taxation of Nigeria (CITN), Jos District Society, where Tax clubs were inaugurated at the University of Jos, Plateau State Polytechnic Barkin-Ladi and Plateau State University, Bokkos respectively.

He said the Finance Act 2020 has introduced landmark charges in Nigeria tax legislation with a view to improve and sustain revenue generation in the country.


Mr. Wadak noted that the charges would address issues of regressive taxation and reformation of domestic tax laws to align with International best practices.


“You should be looking for more people to pay tax, who are not paying, consolidation of taxes, enumeration of tax payers and automation of tax systems and using technology to block leakages and fraudulent actions.

“Most importantly, is to ensure tax justice, wherein the tax payer is assured that the taxes paid are not only used for good governance but for the benefit of the public.”


He explained that the annual tax programme is aimed at creating awareness on contemporary tax issues and how it relates to the tax payers and relevant tax authorities.


“The finance act 2020 introduced landmark changes in Nigeria in tax legislation such as companies income tax Act, Capital Gains tax Act, personal income tax act, Petroleum profit tax  Act among others.

See also  Mailafia Interview: NBC hammer falls on Nigeria Info

“The core goal of the charges is for improve and sustainable revenue generation and introduction of tax incentives for investment in infrastructure and capital markets to address issues of regressive taxation and reformation of domestic tax laws to align with International best practices and for ease of doing business.”


Mr. Wadak  viewed the inauguration of Plateau Revenue Council and the Governing board of the Plateau State Internal Revenue Service as a right step towards rejigging revenue generation in the state.

“The inauguration of Plateau Revenue Council and the Governing board of the Plateau State Internal Revenue Service is geared towards the full implementation of the new Plateau State Revenue law 2020.

“It is envisage that the state Internally generated revenue should improve and sustained as the monthly Abuja largesse dwindles. Even more appealing is the Governor’s assurances that every kobo will not only be accounted for but used for projects and programmes that have direct impact on lives of the people.”


He applauded Governor Simon Bako Lalong for ensuring tax justice and appropriate management where in the tax payer is assured that the taxes paid are being used for the benefits of the public.

Mr. Wadak led the chartered Institute of Taxation of Nigerian (CITN), Jos District Society on a courtesy visit to the Assistant Director, Federal Inland Revenue Service (FIRS) Jos, Mrs Martha Sati and Executive Chairman Plateau State Internal Revenue Service Mr, Dashe Arlat and assured them of his support towards improving revenue generation in Plateau and Nigeria.


Mrs. Sati and Arlat applauded the Chairman (CITN) on embarking on such workshop which will be of benefits to both tax administrators and tax payers.

See also  Court remands Sen. Ali Ndume in Kuje Prison


They both viewed the initiative as an avenue for students to learn and have the culture of taxation thereby making tax administration become very easy for tax administrators to handle.

LEAVE A REPLY

Please enter your comment!
Please enter your name here