Business
Simplify Tax Laws, FIRS Urges Assemblies
The chairman of Fed
eral Inland Revenue service (FIRS), Mr Samuel Sunday Ogungbesan, has stated the need for the House of Assembly to simplify tax laws.
This, he said, would help the service that is relying on technology to do tax business and also increase the level of compliance from the masses.
The FIRS boss, who made this known in an interview with newsmen last Friday, said that the service will be a very strong force to reckon with in eight years time.
He noted that if the masses pay their taxes as at when due it would be easy for the nation to build a strong economy, adding that FIRS has a unique identifier.
Ogungbesan stated that the service has addressed the deficit in the 2015 budget, adding that revenue collection was underestimated in 2014.
He noted that there were lapses in the system before now which resulted in bringing together Ministry of Finance and that of Commerce and Industry, adding that this has saved a lot of cost. FIRS boss also said that FIRS borrowed the method of tax waiver from South Africa which has been very helpful in tax administration, adding that at the state level “the service is focusing on registration”.
He called on individuals, companies and states to ensure strict compliance to better the economy of the country.
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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