{"id":3399,"date":"2024-12-09T11:48:19","date_gmt":"2024-12-09T11:48:19","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=3399"},"modified":"2024-12-09T11:48:19","modified_gmt":"2024-12-09T11:48:19","slug":"tax-reform-bills-no-provisions-for-consultants-to-collect-revenue-oyedele","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2024\/12\/09\/tax-reform-bills-no-provisions-for-consultants-to-collect-revenue-oyedele\/","title":{"rendered":"Tax Reform Bills: No Provisions For Consultants To Collect Revenue \u2013 Oyedele"},"content":{"rendered":"

The Chairman of the Presidential Committee on Tax and Fiscal Reform, Taiwo Oyedele, has said the Tax Reform Bill has no provision for consultants to collect tax on behalf of the government.<\/h3>\n

The<\/b> controversies surrounding the Tax Reform Bill from Northern politicians, the Academic Staff Union of Universities (ASUU) and other stakeholders.<\/p>\n

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One of the areas of contention was the claim that the bill recommended consultants collect tax for the government.<\/p>\n

Most of the critics pointed to Section 69 of the bill. Oyedele, in a statement, explained that critics misinterpreted the section.<\/p>\n

\u201cIn continuation of our explainer series and clarifications of matters arising on the tax reform bills, this note presents the facts with respect to the claim that certain provisions of the tax bills seek to introduce tax collection by consultants or third parties.<\/em><\/p>\n

\u201cThere is no provision in the tax bills seeking to introduce consultants for tax collection. In fact, section 19(3) of the Nigeria Revenue Service (Establishment) Bill specifically prohibits the engagement of consultants for the assessment or collection of taxes on behalf of the tax authority. The section empowers the Revenue Service to appoint and employ consultants, accountants, other professionals or agents where necessary for the performance of its duties provided that such consultants shall not carry out the duties of assessment or collection of tax, tax compliance or enforcement activities, or routine responsibilities of tax officials,\u201d<\/em>\u00a0he said.<\/p>\n

He explained that section 69 which states that a relevant tax authority may deploy any technology, including a third-party payment processing platform or computer application to collect or remit taxes was not a new addition.<\/p>\n

\u201cThis is not a new introduction. The provision currently exists under section 25 of the FIRS Establishment Act 2007 as amended by the Finance Act of 2021.<\/em><\/p>\n

\u201cThe tax bills only retain the provision to empower the tax authorities to seamlessly automate tax administration and link up with taxpayers for ease of tax compliance.<\/em><\/p>\n

\u201cThe necessary applications and payment solutions may be developed by the relevant tax authority or procured from third parties.<\/em><\/p>\n

\u201cThis is a common practice globally for tax administration, and in principle, it is not different from the way a public or private sector organization such as banks and online stores, use third-party applications for payments,\u201d<\/em>\u00a0he stated.<\/p>\n

He emphasized that provisions have been made in the bill to ensure that the involvement of third parties by tax authorities did not compromise transparency.<\/p>\n

\u201cThe First Schedule to the Nigeria Revenue Service (Establishment) Bill sets out a governance framework for the activities of the tax authority including measures to prevent conflict of interest.<\/em><\/p>\n

\u201cAlso, section 26 requires the tax authority to submit a report of its activities periodically to the finance minister including audited accounts. In turn, the minister must present the report to the Federal Executive Council and the National Assembly,<\/em>\u201d Oyedele added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chairman of the Presidential Committee on Tax and Fiscal Reform, Taiwo Oyedele, has said the Tax Reform Bill has no provision for consultants to collect tax on behalf of the government. The controversies...<\/p>\n","protected":false},"author":2,"featured_media":3400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=3399"}],"version-history":[{"count":1,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3399\/revisions"}],"predecessor-version":[{"id":3401,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3399\/revisions\/3401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media\/3400"}],"wp:attachment":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=3399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=3399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=3399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}