LAGOS MARCH 27TH (NEWSRANGERS)-The Federal Government on Tuesday formally prohibited cash collection of taxes and banned the mounting of roadblocks for revenue enforcement as part of fresh regulations to implement new tax laws.
The Executive Secretary of the Joint Revenue Board, Mr Olusegun Adesokan, stated this during the signing of the Presumptive Tax Regulations and Guidelines on the Implementation of the Tax Laws at the Federal Ministry of Finance.
Adesokan said the new framework was designed to end informal, coercive and fragmented tax practices, particularly at the sub-national level.
“It bans all forms of cash collection by tax authorities. It also bans the mounting of roadblocks for the collection of taxes,” he said.
Punch
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