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Communiqué Issued at the end of the 128th Meeting of the Joint Tax Board held on 25th November, 2013
The Joint Tax Board held its 128th Meeting on 25th November, 2013 at Transcorp Hilton Hotel, Abuja. The Board deliberated on various issues and reached the following major decisions:
1. That there is need to amend the Personal Income Tax Act particularly the composition of the Board in order to include relevant stakeholders in the membership of the Joint Tax Board.
2. That the collaboration between the JTB and office of the Accountant General of the Federation (OAGF) should be strengthened to ensure correct remittances of Pay-As-You-Earn (PAYE) in respect of staff of federal establishments under the Integrated Personnel Payroll and Information System (IPPIS) to the States.
3. The Board’s attention was drawn to a proposed vehicle registration by the Nigerian Police, which it considered as another form of road tax. The Board reiterated its position that only the State Boards of Internal Revenue have the responsibility to administer Road Taxes. Consequently, it resolved that any arrangement by a body or organization to register motor vehicles for payment of fees or charges in whatever form apart from the one put in place by the JTB should be disregarded by the public.
4. The Board considered the recommendations of the National Economic Council (NEC) on incidents of multiple Taxation in Nigeria and resolved as an interim measure to review and update the schedule to the Taxes and Levies (Approved List of Collection) Act, T2 LFN 2004. It also decided to refer to its Technical Committee to critically look into recommendations made by NEC with a view of finding a lasting solution to incidents of multiple taxation in Nigeria.
Year of Meeting:
Monday, November 25, 2013