Business
Pay Your Taxes To RSG, Association Urges Members
Business operators in Rivers State have been urged to ensure prompt payment of tax to the state government to avoid being harassed and prosecuted.
The advice was handed down by the President, Pillars of Association; an umbrella of all registered trade unions associations in Rivers State, Comrade Emeka Onyekwum at the inauguration of the association’s newly elected 11-member, executive in Port Harcourt, yesterday.
Onyekwum said any member of the body who fails to pay his or her tax should be prepared to face the wrath of the law, pointing out that it was civic responsibility that no taxable adult can run away from.
“If you are to joke with anything, you must not joke with tax payment. Let us pay our taxes but ensure you pay to the rightful place”, he said.
He appealed to the state government to help the tax payers to check multiple taxation, which he said was a problem that needed government intervention.
Thanking members for giving him the mandate to serve them for a second tenure, Onyekwu noted that the association would continue to go on as a united body and called for their continued support and cooperation.
According to him, a constitutional review committee to collaborate with the Board of Trustees (BoT) would be set up to streamline the process of the association’s future elections just as a committee had been put in place to galvanise the membership.
Also speaking, the second Vice President of the body, Comrade Maxwell eke, stressed the need for members to support the news executive and shun any blackleg that would destabilize the body, and enjoined them to key into the PENCOM new pension scheme in their own interest.
The sworn-in officers include Comrade Emeka Onyekwum; President, Onowu Godwin Onyema; 1st Vice President, Chief Maxwell Eke; 2nd Vice President, Comrade Sunday Dede; Secretary-general, Comrade Nnmdi Amaju; assistant secretary, Comrade Chinedu Dike; public relations officer, Pastor Peace Alonyebi; financial secretary, Comrade Abbi Tamuno Diepiriye; treasurer, Madam Theresa Okechukwu; Welfare officer, Comrade Emeka Aki; provost 1 and Comrade Ernest Anyanwu; provost 11.
Shedie Okpara
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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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