The House of Representatives has passed for second reading, a bill seeking to establish a Tax Crimes Commission to be headed by a national Inspector-General. The bill particularly focused on the supervision and oversight of an efficient, fair and appropriate tax system, expansion of the tax net and the protection of taxpayers’ rights.
The legislation is titled, ‘A Bill for an Act to Establish the National Inspector-General for Tax Crimes Commission to Address Revenue Leakages Emanating from Non-Payment and Under-Payment of Taxes; Irregularities in the Assessment, Reporting and Remittances of Taxes; to Prevent and Combat Tax-Related Crimes; to Plug All Leakages in the Tax Administration System; to Ensure the Protection of Taxpayers’ Rights.’
Sponsor of the bill, Benjamin Kalu, while leading the debate at the second reading on Wednesday, said, “The amount of revenue available to any government determines the extent to which such government may be able to provide public goods and services. It is a pointer to how far a nation can ensure its growth and development.
