The CEO Emovworho logistics limited, Comrade Austin Obule Emovworho, has commended President Bola Tinubu for Signing four executive orders to curb multiple taxation in Nigeria.
Emovworho, who made the commendation in a press statement issued in Abuja, described the Executive Orders as a step in the right direction to help reduce multiple taxation and reduce the hardship faced by Nigerians.
According to him, the four Executive Orders would help address the series of lacuna identified in the tax policies of the previous administration.
He said a further demonstration of the commitment of His Excellency, President Bola Ahmed Tinubu, to constantly dialogue with Nigerians to lend a listening ear to their concerns, the following recommendations has been made;
“The President promised to run a government that will not make life difficult for Nigerians or asphyxiate corporate entities. The Federal Government is irrevocably committed to this pledge.
“You will all recall that prior to the advent of this Administration, certain tax changes were introduced via the Customs, Excise Tariff (Variation) Amendment Order, 2023 (henceforth referred to as “the Order”) published on the 8th of May 2023 and the Finance Act, 2023, which was signed into law on the 28th of May 2023.
“Among others, the Order introduced new Excise Duty on Single Use Plastics (SUPs), higher Excise Duties on some locally manufactured products, including alcoholic beverages and tobacco products, and Green Tax by way of Import Tax Adjustment on certain categories of imported vehicles.
“The Tinubu Administration has since noticed that some of the tax policies are being implemented retroactively with their commencement dates, in some instances, pre-dating the official publication of the relevant legal instruments backing the policies. This lacuna has created some challenges of implementation,” he said.
The CEO added that the “level of patriotism, commitment” of Tinubu shall revive security and other aspects of the nation.
“I want to commend the president for this and also urge him not to relent as I believe that with this level of patriotism, commitment, and clarity of purpose displayed so far, every sector will experience a revival, not just security. (NAN)