Nineteen states have domesticated the Model Taxes and Levies Act as the Federal Government moves to harmonise tax administration nationwide and reduce the number of tax and levy heads to nine.
The reform is expected to curb multiple and overlapping collections, eliminate illegal tax collection practices and reduce compliance costs for businesses and traders operating across states.
Olusegun Philip Adesokan, Executive Secretary of the Joint Revenue Board (JRB), disclosed this on Wednesday at the 160th meeting of the board in Kaduna, where stakeholders assessed one year of tax reforms under the theme, “One Year of Tax Reform: Assessing Progress and Addressing Challenges.”
Adesokan said the Model Taxes and Levies Act, when domesticated by all 36 states, would establish common principles for taxation and levy administration across the country.
“By the time we accomplish the entire 36 states, we will have a Taxes and Levies Law containing the same principles and provisions, and implementation will commence across the board,” he said.
