Communiqué Issued at the end of the 130th Meeting of the Joint Tax Board (JTB) held on the 13th to 17th Oct, 2014

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The JTB held its 130th Meeting from the 13th to 17th October, 2014 at the Headquarters of Delta State Board of Internal Revenue, Warri, Delta State with the theme: "Achieving Improved Internally Generated Revenue without Multiple Taxation", The Board deliberated on various issues and reached the following major decisions:
1.     that tax authorities should intensify efforts towards increasing tax revenue to support Governments' programmes on provision of essential services to the citizenry, by implementing the Taxpayer Identification Number (TIN) Regulations and embarking on tax enforcement activities;
2.     that Members of the JTB should implement policies that will simplify tax administration in the country, encourage voluntary compliance and apply the full weight of the law on tax evaders;
3.     that the recommended revised schedule of taxes and levies collectable by the three (3) tiers of Government by the JTB be forwarded to the National Economic Council (NEC) for approval;
4.     that the Pension Reform Act, 2014 is a good development for the country and advise tax authorities to ensure that the new provisions are implemented and tax implications contained therein well understood;
5.     that the Federal Road Safety Corps (FRSC) and the Joint Tax Board (JTB) shall take necessary steps to resolve all problems associated with issuance of the National Driver's Licence and Motor Vehicle/Motorcycle Number Plates across the country. In this regard, more facilities should be installed nationwide to enhance the process of producing these two items. Measures should also be taken to check illegal activities of touts and unauthorised persons involved in producing fake Driver's Licence and Number Plates;
6.     that validity period for temporary Driver's Licence should not be more than two (2) months, as such the FRSC has been advised to ensure compliance; and
7.     that tax authorities should strengthen collaboration with relevant stakeholders to enhance exchange of information for tax purposes.

Year of Meeting: 
Tuesday, March 10, 2015