RVHA To Review Revenue Laws


The Rivers State
House of Assembly has reiterated its determination to review some of the obsolete revenue laws to improve the Internally Generated Revenue (IGR) of the state.
The House Committee Chairman, Hon Josiah John Olu who stated this in an interview shortly after the screening of nominees of the Board of Internal Revenue Service, noted that some taxes like property tax needed to be reviewed, adding that the exercise would also put an end to multiple taxation in the state.
According to him, the review of the obsolete laws on taxation  would end double taxes and laws that are not well harmonized to be gazzeted.
“The Assembly is committed to amending laws towards ending double taxation in the state”, he said.
Hon Olu who represents Eleme in the Assembly said the House had discovered that there were cases of multiple taxes collected by state and local governments.
The lawmaker stated that the Assembly was working towards harmonising and gazetting all the laws  to avoid multiple taxation.
According to him, having various tax subheads in a single documentation would boost the internal revenue of the state.