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FEDERAL GOVERNMENT CHARGES TAX PRACTITIONERS TO GENERATE MORE REVENUE FROM TAXES.

The Federal Government has charged tax practitioners to work harder in getting more revenue from taxes, stressing that tax revenue is currently the highest income source for the federation.

The Accountant-General of the Federation, Oluwatoyin Madein, at the Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, with the theme: Sustainable Tax Culture and Economic Roadmap for Nation Building.

The government pointed out that based on the current high revenue from taxes, members of the Federation Accounts Allocation Committee always look forward to the figures from the Federal Inland Revenue Service every month, in order to have funds to share to the three tiers of government.

Madein said, “Like the CITN, the Office of the Accountant-General of the Federation is committed to a sustainable tax culture that will ensure the continuous flow of revenues even at an improved level.

PUNCH/OLA

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