Taxation is an important source of revenue for governments globally. Payment of taxes by citizens and corporate organizations is a civic responsibility of which failure to comply is a crime.
Effective tax administration and management is essential for good governance and the utilization of tax proceeds must be seen to bring benefits for the citizens and residents alike.
As much as many citizens are willing to pay their taxes as at when due, some others have complained of multiple and abitrary taxation in Cross River State which is causing many businesses to shut down.
In Sen. Prof. Benedict Ayade’s first year in office, the governor abolished taxes for small businesses and low income earners. A bill to this effect was passed by the Cross River State House of Assembly and signed into law by the governor.
The impact of this law is yet to be seen in the state even as citizens and residents complain of the negative impact of over taxation on their businesses and the unruly behaviour of tax agents.
This is the focus of “The Dialogue with Agba Jalingo” this week with the topic; Taxation in Cross River State: Economic gain or loss.
With us to discuss the topic are Barr. Greg Okem, Director Legal Services, Cross River State Internal Revenue Service and Mr. Festus Mbonu Chairman Building Material Traders Association, Calabar.
Join us on Hit 95.9 fm on Sunday 31st July, 2016 at 6pm to 7pm.
Call in to make your contributions and ask questions.
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