President and Chairman of Council at the Chartered Institute of Taxation of Nigeria, CITN, Mr. Samuel Agbeluyi, has disclosed that the proposed taxation bill has all it takes to change the country’s fortune up to three times of what it currently receives as tax.
Speaking at the grand finale of the 2025 tax school debate competition which was organized by the Society of Women in Taxation, SWIT, and with the topic – “Increase in Value Added Tax Rate is Beneficial to the Economy” – Agbeluyi said there are 65-70 percent different types of taxes been streamlined, and for effectiveness, non-state actors must be forced to desist from harassing innocent Nigerians in the name of tax collection.
He said to succeed in this, governors must do a lot to take care of such illegalities before there can be seamless implementation of the bill, and at the end of the day, more money will come into the purse of the government at the federal, state and local levels.
“Some of the taxes are been collected by non-state actors. So, the governors must do a lot to take care of those people, take them off the road and stop them from harassing innocent Nigerians who are going about their daily business.