Executive Chairman of Cross River Internal Revenue Service (IRS), Edwin Okon, has disclosed that the newly signed tax reform bill by President Bola Tinubu is aimed at reducing the burden of majority of Nigerians .
Okon said the tax reform is also targeting the poor and vulnerable in the society, creat efficiency while modernizing tax rules for digital age
He disclosed this on Tuesday in Calabar at Event 45 during a one day sensitization program for the Southern Senatorial District on the new tax reform.
According to him, similar campaign for the new tax reform has been carried out in the Northern and Central Southern Senatorial District of Cross River.
Also speaking, the Head of IRS, Patience Egwu, said the new tax law has harmonized into 9, the various taxes carried out between the Federal, State and Local Government.
She said that the new tax regime has reduced multiplicity of taxation by the state, local and Federal Government
In their separate goodwill messages, the Mayor of Calabar Municipal Council, James Anam and the Chairman House Committee on Appropriation, Cyril Omini, said the old tax system has not been fair to all people especially for small business
