Revenue Chief Adedeji Insists Nigeria Implementing Gazetted Tax Laws, Not Harmonised Version

Contributing sentiments towards policy:

56% : That is standard tax policy.
54% : The relationship between tax administration and taxpayers must be built on trust.
54% : It reflects modern data management standards globally." He added that "Under the new taxation principles, We tax profit, consumption, and returns -- not investments.
53% : " Further commenting on the objectives of the tax reforms, Adedeji said the move was primarily taken to protect the poor as well as grow the economy.
50% : "Previously, companies were required to pay minimum tax based on turnover, even when making losses.
50% : "Under the new law, minimum tax applies only to profit, not turnover.
48% : He said the NRS was more interested in the gazetted tax laws, and not about the alleged controversies on the harmonised version by the National Assembly, which he said related to the internal workings of the legislative arm.
47% : When you look at the net effect, the poor are the biggest beneficiaries of the tax reform.
46% : "There is nothing in the tax law that introduces additional taxes beyond what already exists.
45% : Chairman, Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, on Sunday said there was no controversy over the implementation of the new tax laws, adding that their passage followed due process after adequate consultation.
44% : Issues people complain about largely relate to state-level internal revenue practices, not federal taxes.
43% : "No tax authority -- state or federal -- can pry into your bank account arbitrarily.
43% : " Adedeji also explained that the tax law and tax reforms had nothing to do with happenings in the banks.
41% : Banks report transactions above ₦25 million for individuals and ₦100 million for companies, but this is not new, and it is not unique to tax authorities.
40% : According to him, "It is not tax law that determines whether people get paid or not.
39% : It has nothing to do with tax law, and that is what I am explaining.

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