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The nationwide president of the Society of Ladies in Taxation (SWIT), Mrs. Bosede Florence Ikhanoba, emphasised that paying taxes is a duty that residents should fulfill.
She additionally mentioned that tax fee relies on a person’s earnings stage, with completely different charges making use of to people and companies.
Ikhanoba made these remarks through the SWIT Nationwide Colleges debate in Abuja, which featured Senior Secondary faculties from Plateau, Lagos, Bayelsa, and Cross River states.
SWIT is an affiliation of ladies concerned in tax observe and members of the Chartered Institute of Taxation of Nigeria (CITN).
Ikhanoba additionally highlighted that the target of the tax debate was to boost public information about taxation and interact younger folks by means of their participation in faculties throughout the nation.
She acknowledged: “It’s important to grasp that each citizen has a duty to pay taxes. Tax fee relies in your earnings stage, and companies have particular charges they have to pay. Moreover, there are treasury charges for sure people.
“It isn’t a one-size-fits-all state of affairs in relation to tax fee; it varies relying in your earnings. Due to this fact, those that are employed pay taxes based mostly on their wage. You contribute accordingly to what you earn.
“So, suggesting that folks mustn’t pay taxes on account of financial hardships shouldn’t be acceptable. It’s our civic duty to pay taxes because it contributes to financial development.
“By way of tax income, the federal government obtains sources to finance infrastructure and different developmental initiatives. This additionally permits us to carry the federal government accountable in the event that they fail to satisfy their obligations.”
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