Revenue Service, Enugu Commerce Chamber sensitise business communities on new tax policy - Businessday NG

Contributing sentiments towards policy:

58% : Emmanuel Nnamani Chairman Enugu State Internal Revenue Service (ESIRS), while speaking, described the gathering as unique and strategic targeted at educating business owners on things they need to know about the new tax policy, how it affects their business and action they needed to take.
57% : Advising residents not to panic about the tax, Nnamani stressed that the higher of one's income, the higher the tax the individual would pay, emphasisng the need for income earners to get tax Identification Numbers. "Businesses should also file their assessment and comply with the tax directives," Nnamani advised.
56% : As the new tax policy takes effect on January 1st, 2025, the Enugu State Internal Revenue Service and The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) have begun the sensitisation of business owners on the new tax policies formulated by both the Enugu State and the Federal Government.
55% : The sensitisation tagged "Interactive Forum on the New State and Federal Government Tax Regime" was organised by ECCIMA in Collaboration with the Enugu State Internal Revenue Service.
50% : This how the poor is going to benefit from the tax," he explained.
43% : According to him, people need to know that they were supposed to pay their taxes when making income that's above the required threshold.
40% : Rob Anwatu Chairman of the event and the ECCIMA Board of Trustees Chairman called on the participants to listen to tax experts to clear the confusion and doubt many people were having about the new tax policy.
38% : "So civil servants, from level 9, 10, 11 depending on their contribution to statutory authority, may not be able to pay tax to government because their income bracket will come lower than the threshold.
37% : He said that the poor would benefit more because the exemption threshold eliminates them from paying taxes as the exemption threshold of people who were making taxable income of N800,000 and income bracket around N1.3 million naira in a year would no longer pay taxes.

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