Ekiti Assembly passes new tax bill

The Ekiti State House of Assembly on Tuesday, passed a new bill that would guide tax policy and revenue generation. The Speaker, Funminiyi Afuye, who passed the bill through a voice vote, commended the House Committee on Finance and Appropriation for a “good job.” He said,   “Ekiti needs to look inwards at this challenging time and generate more money in view of the dwindling revenues of the Federal Government.

The passage of the tax bill was sequel to that of the Board of Internal Revenue Service Bill 2019 to law by the legislative body. The Assembly, had during its previous plenary, adopted as a working document, the report of the committee on Finance and Appropriation  in respect of the operation of the State Revenue Board. The Chairman of the committee, Olubunmi Adelugba (Emure Constituency), had, while submitting the report on Tuesday, said   “the new law would engender collaborative efforts among stakeholders through effective tax control system. and formation of better policy for revenue generation in the state.” Adelugba, who is the Chief Whip of the Assembly, had said the new law as contained in the committee’s report would engender collaborative efforts among stakeholders through efective tax payment for more revenue that will be in the overall interest of the residents. Adelugba called attention of the House to the flooding being experienced in some towns, especially in Emure community since the beginning of the raining season and urged government to find urgent and lasting solution to the threats.


Source: punch