Business
RSIRS Wants Employers To Deduct Workers’ Taxes
Rivers State Internal Revenue Service (RSIRS) has reiterated the need for employers of labour in the state, to deduct the taxes of their employees before paying their salaries.
This is made known by the messages sent to both employers, companies and individuals in the state from the office of the Executive Chairman of RSIRS, Mrs Onene Osila Obele-Oshoko.
The chairman called on the employers to remit the deducted taxes to the state in accordance to the law.
“As you prepare to pay workers salaries, please remember that the law requires that you deduct from it, the tax due to the state and remit to the state’s revenue account accordingly,” she said.
It would be recalled that the state Commissioner for Finance, Dr Chamberlain Peterside, during the RSIRS stakeholders meeting in Port Harcourt last month, said that the service was moving to develop a model that would assist in enthroning a good method of tax administration.
The commissioner reiterated that the state was relying heavily on modern technology to collect taxes as people would no longer be chased around for payment of taxes.
He noted that the skills used by RSIRS was the best, adding that people are now made to voluntarily pay their taxes without waiting for force or punishment from the service.
Dr Peterside said that the state government hoped to realize more money from internally Generated Revenue (IGR) with the passage of the new tax law and Tax Harmonisation law that would check cases of double taxation in the state.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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