House Of Reps To Streamline Revenue-Collecting Agencies

Deputy Speaker of the House of Representatives, Benjamin Kalu, yesterday, said the parliament would enact laws to streamline revenue-collecting agencies.

He added that a law would be formulated to eliminate multiple taxation in the country.

Kalu made the disclosure at the World Bank Fiscal Governance and Institutions Project (FGIP) Focus Group discussion in Abuja.

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The Abia lawmaker said the initiative was to improve coordination, reduce duplicity in tax administration, and make the system more efficient, transparent and accountable.

He said President Bola Tinubu had embarked on a path of fiscal reform that directly addresses some of the most pressing issues in the tax system and overall fiscal policy.

The deputy speaker noted that the commitment to reform was a testament to the dedication of the Federal Government toward achieving a more robust and equitable economic landscape.

His words: “One of the paramount challenges we are currently addressing as a government, is the issue of tax multiplicity, a labyrinthine web of taxes that has placed undue burdens on both individuals and businesses.

“Simplifying and rationalizing this system is imperative to alleviate the compliance burden, and foster an environment conducive to economic growth.

“In parallel, we have recognized the necessity of modernizing revenue collection through automation.”

He said the strategic move would enhance efficiency and reduce opportunities for corruption and revenue leakage.

Kalu hinted at promising opportunities to introduce comprehensive reform bills that foster a wide spectrum of objectives.

This he said, includes simplification, modernization, and consolidation of tax laws.

He added that the reforms hold the potential to bring about increased clarity and efficiency.