Multiple Taxation: Manufacturer Makes Case For Operation Taxes Publication

Worried by the rate
of multiple taxes being paid for doing business in Nigeria, particularly in some states of the Federation, a Manufacturer, Jacobs Essien has called on the Joint Tax Board to publish the approved operational taxes and levies across the three tiers of government.
Making this known while speaking to The Tide in Port Harcourt, Thursday Essien explained that one major issue that has challenged business operators in the country has been the multiple and double taxation.
He said that efforts had been made in the past by the Manufacturers Association of Nigeria (MAN) generally towards tackling the issue of multiple taxes.
One of such efforts, he said was that MAN had meeting with the Coordinating Minister of the Economy and Honourable Minister of Finance, Ngozi Okonjo-Iweala and that a committee was inaugurated to implement new tax policy in October, 2013.
He said: “We are waiting for the outcome of the work of the committee which we believe will put to an end the issue of multiple taxes, levies and fees which has bedeviled business in Nigeria.
“We eagerly look forward to the publication of the approved and operational taxes and levies across the three tiers of government by the Joint Tax Board.
“Without any doubt, I am optimistic that the reform would rekindle investors’ confidence in the economy and translate into improved investment flow and manufacturing contribution to Gross Domestic Product as well as create substantial employment in the economy”, Essien said.

Corlins Walter