Communiqué issued at the end of the 135th meeting of the Joint Tax Board (JTB) held on the 25th and 26th July, 2016 at park inn by radisson, Abeokuta, Ogun state.

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The JTB held its 135th Meeting on the 25th and 26th July, 2016 at Park Inn by Radisson, Abeokuta, Ogun State, with the theme: “Presumptive Tax Regime for Informal Sector: A Leeway to Grow IGR”. The Board deliberated on various issues and reached the following major decisions:
1.         that all tax authorities should ensure that high net worth individuals pay their tax as and when due,
2.         that automation of tax administration processes  be given priority to cover all aspects of taxation at both federal and state levels,
3.         that tax potentials from the informal sector be explored in order to increase Government’s quest to grow Internally Generated Revenue (IGR),
4.         that deduction of Value Added Tax (VAT) and Withholding Tax (WHT) at source be implemented at the State and Federal Ministries, Departments and Agencies (MDAs) by automating the process to enhance efficiency and boosting collectionof the taxes,
5.         that the JTB Co-opted members should discharge their statutory functions to assistin tax revenue generation in the following ways:
a)   Nigeria Immigration Service (NIS) should make it mandatory for presentation of Tax Clearance Certificate (TCC) for issuance of Immigration facilities,
b)   that Federal Road Safety Corps (FRSC), Vehicle Inspection Officers (VIO)  and other traffic agencies should enforce presentation of Taxpayer Identification Number (TIN) as a requirement for road traffic offenders before resolution of their cases
6.         that States Internal Revenue Service (SIRSs) should make presentation of Tax Clearance Certificate (TCC) as a requirement for processing of Driver’s Licence and Number Plates,
7.         that tax authorities should intensify efforts in training and capacity building programmes for its Staff to enhance efficiency in the system and
8.         that State tax authorities should encourage cashless payment and automation of tax process as a means of checking leakages in the system.
 
 

Year of Meeting: 
Tuesday, July 26, 2016