Home Embrace Identifiable Group Taxation, DBIR Tells Market Women, Men Association

Embrace Identifiable Group Taxation, DBIR Tells Market Women, Men Association

by blcknyt1511

The Delta State Government has called on members of the Informal Sector to embrace the Identifiable Group Taxation (IGT) regime in order to enjoy its accompanying gains.

The representative of the State Board of Internal Revenue, Mr. Chuks Iku made the call at an advocacy session with Market Women and Men Association of Nigeria, Delta State Chapter’s members in Asaba.

Mr. Iku stated that the advocacy session was organized to explain what the Identifiable Group Tax entails and the modalities for implementation, saying that Tax Revenue was what government all over the world channels into the development and provision of basic social amenities such as electricity, construction of good road network, hospitals, schools, provision of security among others for the benefit of its citizens.

According to him meeting the Identifiable Group Taxation obligation would not only empower Government to provide the basic conducive trading space with provision of potable water, good toilets facilities, access to loan, scholarship but would automatically qualify them to be incorporated into the Delta State Contributory Health Insurance scheme to cater for their health.

He stated that the fee required as the tax to be paid by members of the Informal Sector to fully enjoy its attendant benefits including the incorporation into the State Health Contributory Insurance Scheme was twelve thousand naira (N12, 000.00) yearly.

The amount he emphasized could be paid in tranches of either one thousand naira (N1, 000.00) monthly or fifty naira (N50.00) per day for 20days in a month, maintaining that the move would in no small measure help reduce the over out of pocket expenses and its attendant challenges.

He enjoined members of the Informal sector to ensure they are duly registered members with the various Market Associations, stating that the Executives of such Market Associations had been empowered to ensure collection and commended them for their show of partnership with the government for the interest of the State.

Speaking, the Special Assistant to the Governor, Special Duties on the State Contributory Health Commission, Dr. Michael Nwoko hailed participants for their show of enthusiasm towards the course which was evident in their large turnout, even as he urged them to fully embrace the move by the government.

Also speaking, the Omu-Anioma, HRM Obi Martha Dunkwu appealed to the government to put into good use taxpayers’ money for their general wellbeing, saying that many advanced worlds of today were built with revenue from tax payments.

The occasion witnessed the unanimous request by participants for government to ensure the cancellation of double taxation on members of the Market Women and Men Association of Nigeria, particularly in the State Local Councils if they must pay tax to enjoy good governance.

Present at the advocacy session were the Project Director of the Identifiable Group Taxation, Ms Blessing Uso; the Secretary, Taskforce on Enforcement of Ground Rent, Mr Tony Egboko; the functioning Director, Department of Planning Research and Statistics/ICT of the State Contributory Health Commission, Mr Akpofure Emmanuel; the Omus of Onicha-Ugbo, Igbodo, Onicha-Olona, Onicha-Uku, and Ogwashi-Uku among others.

Leave a Comment