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Expert urges FG to create tax forums

17 May 2013, 14:07

Lagos - A tax expert, Tajudeen Kareem, has urged the Federal Government to create tax forums to educate the citizens on the relevance of tax payment.

Kareem told the News Agency of Nigeria (NAN) on Friday in Lagos that the development would help in building a virile tax culture and voluntary tax compliance.

Kareem, a partner in T.A. & Co., Lagos, a firm of chartered accountants, said that many Nigerians were still ignorant of the importance of tax payment.

He said that more people would be brought into the tax net with proper education and this would boost revenue generation.

"Government should intensify public enlightenment on the importance of paying taxes by way of creating tax clinics.

"Officials of the revenue authorities will go to market places and educate people on self assessment and attend to some of their complains.

"Government can also use the various mass media to educate the people on the importance of taxes to the economy and how they have been spending the taxpayers' money," he said.

Kareem said that Nigeria was not doing well in terms of revenue generation from taxes.

According to him, a country with a population of over 160 million should earn more from taxes than what we currently earned.

Kareem said that with the ongoing Taxpayers Identification Number (TIN) and the proposed presumptive tax policy, more people would be brought into the tax net.

NAN reports that the Federal Inland Revenue Service, had in January, announced  total tax revenue of N5,007 trillion for 2012.

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