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Why tax experts need to integrate Nigerians working remotely — CITN president

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Why tax experts need to integrate Nigerians working remotely — CITN president

 

The Chartered Institute of Taxation, Nigeria, CITN, President, Barr. Samuel Agbeluyi, has suggested that Nigeria’s internally generated revenue, IGR, could increase if tax professionals know how to integrate young Nigerians who are genuinely working remotely.

He made the comments during a chat with journalists on the 26th CITN Annual Tax Conference, set to take place in Abuja from May 13 to 17.

His suggestions came as Nigeria continues to grapple with low IGR, with many states depending heavily on federal allocations.

Agbeluyi noted that young Nigerians who worked remotely, could be integrated into the tax system to boost IGR.

He said:  “Nobody should call these creative, and  smart young Nigerians working with foreign organisations,  Yahoo.

”Those young people are working but you need the ability and technology to bring them into the tax system.

”There are also many others doing business internationally, either as individuals or organisations, not captured into the tax system, who can also be captured.

The CITN boss also stressed the importance of the upcoming conference, which will feature experts speaking on the theme,  “Sustainable Tax Culture and Economic Roadmap for Nation Building,” as well as other sub-themes.

He noted that the conference would equip participants with the necessary intellectual, health, and social tools to succeed.

Agbeluyi also called for the autonomy of state internal revenue services, saying multiple taxation limits the growth of the economy.

“On growing the IGR, you can’t have states running to Abuja for FAAC allocation, despite contributing to it. FAAC can’t be enough. FIRS is doing well because of its autonomy.

”This is the same for states like Lagos. States can raise more IGR if they have the technical know-how,” Agbeluyi said.


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Why tax experts need to integrate Nigerians working remotely — CITN president

Published

on

Tax 1
Why tax experts need to integrate Nigerians working remotely — CITN president
  The Chartered Institute of Taxation, Nigeria, CITN, President, Barr. Samuel Agbeluyi, has suggested that Nigeria’s internally generated revenue, IGR, could increase if tax professionals know how to integrate young Nigerians who are genuinely working remotely. He made the comments during a chat with journalists on the 26th CITN Annual Tax Conference, set to take place in Abuja from May 13 to 17. His suggestions came as Nigeria continues to grapple with low IGR, with many states depending heavily on federal allocations. Agbeluyi noted that young Nigerians who worked remotely, could be integrated into the tax system to boost IGR. He said:  “Nobody should call these creative, and  smart young Nigerians working with foreign organisations,  Yahoo. ”Those young people are working but you need the ability and technology to bring them into the tax system. ”There are also many others doing business internationally, either as individuals or organisations, not captured into the tax system, who can also be captured. The CITN boss also stressed the importance of the upcoming conference, which will feature experts speaking on the theme,  “Sustainable Tax Culture and Economic Roadmap for Nation Building,” as well as other sub-themes. He noted that the conference would equip participants with the necessary intellectual, health, and social tools to succeed. Agbeluyi also called for the autonomy of state internal revenue services, saying multiple taxation limits the growth of the economy. “On growing the IGR, you can’t have states running to Abuja for FAAC allocation, despite contributing to it. FAAC can’t be enough. FIRS is doing well because of its autonomy. ”This is the same for states like Lagos. States can raise more IGR if they have the technical know-how,” Agbeluyi said.

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