Business
Special Tax Card Scheme Underway In Rivers
Plans are underway by the Rivers State Internal Revenue Board to introduce a special tax card system in the state.
The scheme follows the launch of the board’s new Tax Management Software(TMS) in Port Harcourt, yesterday.
The programme is a collaboration between the board, the Joint Tax Board and Skye Bank aimed at raising revenue and plugging leakages in the state’s tax system.
The Tide learnt that once the scheme comes on stream, all tax payers(both individual and corporate) would have a Tax Identification Number(TIN) as it would reduce the challenge of tracking tax evaders in the state.
Speaking to newsmen shortly after unveiling the new TMS, State Commissioner for Finance ,Dr. Chamberlain Peterside disclosed that the scheme was in tandem with the vision of Governor Chibuike Amaechi, whom he said was bent on raising the tax profile of the state with a view to diversifying the economy.
His words,” the vision of the Governor is to upgrade and modernise the Internal Revenue system in the state “.
Dr. Peterside explained that the Amaechi-led administration was poised to make revenue a core financial aspect of the state planning system, and gradually de-emphasise over reliance on federal allocation.
He added,” we should be able to get at least 50 percent of our total revenue from internal source and there is no way we can achieve this without ICT.”
Already, he divulged that the state revenue profile had risen from N2.5 billion in 2007 to about N5billion currently, while expressing the hope that the new software would further improve the internal revenue status of the state.
Special Assistant to the Governor on Revenue, Chief Nwankwo Nwankwo said the new tax software was geared at transforming the state tax system, and called for more dedication from staffers and members of the board.
The same view was expressed by the Acting Chairman of the board, Mrs. Alaliba Dokubo who commended Governor Amaechi for upgrading the state tax board.
She also thanked their partner ,Skye Bank for the technical and collaborative support it provided to ensure the success of the scheme.
Regional Director and Representative of Skye Bank ,Chike Memeh declared that the bank decided to assist the government in the project so as to raise the revenue profile of the state in line with the developmental agenda of the state government.
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