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Lagos to streamline, harmonise tax collection

By News Express on 02/08/2017

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Views: 1,038

•Lagos Finance Commissioner Akinyemi Ashade
•Lagos Finance Commissioner Akinyemi Ashade

In its bid to ensure an enabling environment for the survival of Small Scale Enterprises in the Lagos, the State Government is set to streamline its tax and revenue collection.

The State Commissioner for Finance, Mr. Akinyemi Ashade, stated this on Tuesday at the Tax and Revenue Stakeholders’ Forum organised by the Ministry at LASCOFED Conference Centre Ogba, Lagos.

He explained that the proposed harmonisation is in response to the appeal of Lagosians, particularly the business community, on multiple taxes collected by government, adding that the forum is to address areas of conflict, streamline revenue collection in the state between the state and local governments and set up a proper channel of collection and billing.

Ashade also revealed that though the Constitution gave the right to collection of levies by the different levels of government, the state and the local governments have been collaborating on the collection of levies such as Land Use Charge, which has tenement rate infused to it and is remitted to the local governments after collection.

The Commissioner advised that all revenue generation agencies, particularly at the local government level, should introduce ICT technology for ease of billing and collection, stressing that it will go a long way in reducing the cost of collection, fraud and improve revenue generation.

In his remarks, the Permanent Secretary Ministry of Finance, Mr. Tairu Ogenleye, said that the purpose of the stakeholders’ forum is to move Lagos State forward.

He noted that the bureaucracy and bottlenecks inherent in the current system of doing business is affecting and creating challenges for existing and potential new business/investors, especially in terms of understanding all the appropriate levies and licensing fees payable to the government at both state and local government and being able to make such payment with ease.

Consequently, he informed that the present administration is looking to implement various strategies/initiatives aimed at improving the ease of doing business in the state, with a view to attracting and retaining additional foreign investment into the state.

Source News Express

Posted 02/08/2017 3:01:58 PM

 

 

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