Revenue board hails Delta, Ondo over tax harmonisation
The Joint Revenue Board has commended Delta and Ondo states for significant progress in tax harmonisation after passing new bills into law. Read More: https://punchng.com/revenue-board-hails-delta-ondo-over-tax-harmonisation/
The Joint Revenue Board has praised the Delta and Ondo states for their advancements in tax harmonisation, recognizing these as significant steps in Nigeria's tax reform efforts. The Delta State Government was recognized for signing the Delta State Tax Harmonisation Bill into law, while the Ondo State House of Assembly was commended for passing the Ondo State Harmonised Tax Bill.
These developments, according to the board, are crucial for creating a more transparent, coordinated, and business-friendly tax system. Effective tax harmonisation can help eliminate multiple taxation, boost voluntary compliance, and generate sustainable revenue. The board emphasized the importance of a streamlined tax administration system in supporting businesses and strengthening Nigeria's revenue framework, stating, "Together, we are building a simpler, fairer and more efficient tax system for all Nigerians."
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