THE NATIONAL TAX DEBATE (SPECIAL EDITION)

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THE NATIONAL TAX DEBATE (SPECIAL EDITION)

The 137th Joint Tax Board Meeting was an awe-inspiring and educative forum. The Theme, ‘Collaboration amongst Tax Authorities; Its impact on revenue generation and service delivery to Taxpayers’ was all encompassing, challenging and thoroughly informative.
On the 12th of March, 2017, ten (10) institutions from all geopolitical zones on Nigeria converged at Ilorin, Kwara State -they heeded the call of the Joint Tax Board {hereinafter referred to as the JTB} and the Tax Club. The sole purpose of this convergence was apparent from the theme of the 137th meet – ‘Enhancing Taxpayers’ awareness through Student Tax Clubs.’
Accommodation was provided for by the Kwara State Internal Revenue Service {KW-IRS} at Somewatt Fresh Hotel at Fate Road, GRA, Ilorin Kwara State.
The Debate topics were prudently crafted to reflect the Nigerian Tax System’s most crucial and contemporary issues –
1. Presumptive tax; the panacea for taxing the Informal Sector.

2. National Tax Policy or Federal Tax Policy; which way?
The debate style was presidential.
The Judges for both the Preliminary and Final round were judiciously nominated from PwC Nigeria {Ms. Emuesiri Agbeyi} and Delloitte Nigeria {Mr. Tosin Adedoyin}.
HIGHLIGHTS: Welcome Address by Executive Chairman, Kwara State IRS, Dr. Muritala Olakiton Awodun.  A speech by Executive Chairman, JTB, Dr. Babatunde Fowler and the Keynote address by the Executive Governor, Kwara State, His Excellency Alhaji Abdulfatah Ahmed and the of the 137th Board Meeting was declared open.

Thereafter, there was a paper presentation by Professor Abiola Sanni titled ‘The Revised National Tax Policy as a catalyst for diversifying sources of revenue and another Presentation by Canadian Software Development Corporation {CSDC}.

 

THE DEBATE

PRELIMINARY ROUND {9:30AM – 11:30AM~ 13TH MARCH, 2017}

Topic: Presumptive tax; the panacea to taxing the Informal Sector.
Ten {10} institutions squared up against one and another for the top four {4} spots, seeing as the system was by point grade scored.
The top 4 spots were snatched by;
Obafemi Awolowo University
University of Benin
University of Ilorin; and
University of Lagos.

 

FINAL ROUND

Topic: National Tax Policy or Federal Tax Policy; which way?
After approximately twenty-nine {29} minutes of tax tussle; results were anounced.
Obafemi Awolowo University {Champion}
University of Lagos {1st runner up}
University of Ilorin {2nd runner up}; and
University of Benin {Fourth place}.
The Prizes
Prizes for Institution-

{1st Prize} #750,000

{2nd Prize} #500,000

{3rd prize} #350,000

Prizes for Individual Finalists-

{1st Prize} #250,000

{2nd Prize} #200,000

{3rd Prize} #150,000

Other Prizes

{1st Prize} 1 Notebook Laptop

{2nd Prize} 1 Notebook Laptop

{3rd Prize} 1 Notebook Laptop 1.4

Consolatory Prizes and others – {4th Place} #200,000 Extra #200,000 for all participating Institutions {KW-IRS}

Extra #100,000 for all participating Institutions {DG, FRSC}

Extra #250,000 for 1st place winner {Executive Chairman, FIRS}

Extra #500,000 for 2nd place winner {Executive Chairman, LIRS}

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