The Nationwide President of the Society of Ladies in Taxation (SWIT), Mrs. Bosede Florence Ikhanoba, careworn that paying taxes is a accountability that residents should fulfill.
She additionally stated that tax cost relies on a person's earnings stage, with totally different charges relevant for people and companies.
Ikhanoba made these remarks throughout the SWIT Nationwide Colleges debate in Abuja, which noticed the participation of secondary colleges from Plateau, Lagos, Bayelsa and Cross River states.
SWIT is an affiliation of girls concerned within the observe of taxation and a member of the Chartered Institute of Taxation of Nigeria (CITN).
Ikhanoba additionally emphasised that the aim of the tax debate was to extend public data on taxes and interact youth by means of their participation in colleges throughout the nation.
She said: “It’s important to know that each citizen has the accountability to pay taxes. Tax cost relies in your earnings stage and companies have particular charges they have to pay. As well as, there are treasury charges for sure people.
“It's not a one-size-fits-all scenario in relation to paying taxes; it varies relying in your earnings. Due to this fact, those that work pay taxes based mostly on their salaries. You contribute what you earn accordingly.
“So it’s not acceptable to counsel that folks shouldn’t pay taxes due to financial hardship. It’s our social accountability to pay taxes as a result of they contribute to financial progress.
“By way of tax revenues, the federal government obtains sources to finance infrastructure and different improvement initiatives. This additionally permits us to carry the federal government liable if it fails to satisfy its obligations.”
