By Babangida Galleon
Adamawa State Board Of Internal Revenue has advocated a multi sectoral approach in addressing tax collection issues.
This was the submission of the Director Taxes of the Adamawa state Board of internal revenue, Salihu Kekuni Sabana at the opening of a two day public private dialogue on withholding tax in Yola,
organized by the Adamawa state Board of internal Revenue with support from United states Agency for international development, USAID STATE2STATE.
The Director Taxes of the Adamawa state board of internal revenue, Salihu Kekuni Sabana said creating a dialogue session like this will help in establishing a meeting point of understanding between taxpayers and the tax authority.
He said dialogue like this would go a long way in closing the gaps in budget and tax paying processes and also help tax agents and other organizations understand the implications of unremitted withholding tax to the appropriate authority.
He therefore thanked USAID STATE TO STATE activities for their support in organizing the dialogue session which can help in identifying issues in taxation and ways of solving them.
The director tax audit and special investigation, Mr Maxwell Wadanda described the dialogue as an important avenue where both the private and public sectors will meet and understand the importance of withholding tax deductions and problems associated with it.
According to him, the dialogue would help the Adamawa state board of internal revenue to educate tax payers and the stake holders.
Withholding tax is the deduction of tax at source from payment made to a tax payer for the supply of goods and service.
Some of the challenges identified at the dialogue meeting that are affecting withholding tax in the state are the failure to deduct and remit to the appropriate authority.
In his remarks, the commissioner for ministry of finance, doctor John ishaya who was represented by the director of finance, Abubakar Muahammad kawu said the need for funds cannot be over-emphasized that is why there is need for such dialogue.
He therefore thanked the Adamawa state board of internal revenue and the USAID STATE TO STATE activities for finding time to organize this interactive session which according to him will go a long way in expanding the revenue base of the state.