Nigeria, Jan. 7 -- The Cross River State Government has drawn a firm line under cash-based tax payments as it commenced full implementation of the Tax Reform Act from January 1, a move designed to modernise revenue administration and improve service delivery.
The Cross River Internal Revenue Service (CRIRS) announced the development in Calabar on Wednesday, signalling a decisive shift in how government revenues are assessed, collected and accounted for.
According to the Executive Chairman of the Service, Dr Edwin Okon, the new regime is crafted to streamline taxes and levies, curb the hydra-headed problem of multiple taxation and tighten the bolts of accountability across the revenue chain.
He explained that under the reform, cash coll...
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