Borno tax policy encourages ease of doing business

Ibrahim Umar
Kanempress
19, January,2023

The Borno State Internal Revenue Service (BOIRS) said the tax policies in the state encourage ease of doing business.

This was revealed by Mr John Audu,Head of Revenue Operation,who said, unlike other states that introduced special taxes and collect multiple levies, particularly on transportation, the Borno government has maintained existing taxes being received for many years.

He listed some of the existing taxes: Personal Income Tax, Pay-As-You-Earn, taxes from self-employed persons (Direct Assessment), Capital Gains Tax, Stamp duties, Business Premises levy and withholding taxes.

He added that “even if we are to introduce new taxes, we, first of all, consider its severity on taxpayers. We tried to look at it, and if it has any elements of what was already captured, then we advise the government to reconsider its position. If you mount all sorts of taxes on an individual who has only one source of income, you are making the business of that person suffer.

All these are to ensure ease of doing business for investors, entrepreneurs, business-oriented persons, as well as safeguard the interests of customers of these businesses,he said.