The Nigeria Customs Service has described the Finance Act 2021 as confusing, saying it is hindering its ability to collect levies and taxes.
This came as the President of the Senate, Ahmad Lawan, said Ministries, Departments, and Agencies of the Federal Government could generate and remit N3tn annually to the coffers if wasteful spending was stopped. Lawan stated this while declaring open, an interactive session with revenue-generating MDAs in Abuja on Monday.
The session was themed, ‘The Need to Improve Internally Generated Revenue of the Federal Government of Nigeria and Revenue Projections of the Agencies as Contained in the Appropriation Act 2022.
Ali said, “When the law was signed, it did not state clearly the extent and scope of the taxes and levies in question. We are aware that the taxes and levies under the responsibilities of the FIRS are income tax, personal income tax, capital gain tax, value-added tax and so on. However, the amendment is so wide and open that we in the Nigeria Customs Service took it that it had hindered our ability to collect levies and other collections.
Haaaaa, nah why this people dey raid every corner to disturb people wey dey sell bend down select clothes, abi wetin dem wan sell to get this money nah