The Federal Inland Revenue Service (FIRS) has announced that it is proposing the introduction of Road Infrastructure Tax in Nigeria.
The new tax is to help fix the roads across the country and ensure that the informal sector is brought into the tax net with contribution to building a modern society.
The disclosure was made by the Executive Chairman of FIRS, Muhammad Mamman Nami, while receiving a delegation of the Nigeria Union of Journalists, NUJ, led by its National President, Chris Isiguzo, in his office, on Thursday in Abuja, according to ThisDay.
Nami stated that Nigeria’s economy at the moment depends a lot on revenue from the non-oil sector in order to carry out its statutory responsibility of paying salaries and providing social amenities to its citizens.
He revealed that despite the recent rise in the price of crude oil which normally should have impacted positively on the Petroleum Profit Tax payable by oil-producing companies, this has failed to reflect in the collection.