Tax expert calls for harmonisation of taxes

Tax expert calls for harmonisation of taxes

African leaders
have been urged to be more committed to the economic integration of
Africa through the coordination and harmonisation of taxes and other
trade elements.

Mr. Kamorudeen
Adigun, the immediate past president, Chartered Institute of Taxation
of Nigeria (CITN), gave the advice on Tuesday in Lagos during an
interview with the News Agency of Nigeria (NAN).

According to Mr.
Adigun, although the journey may take sometime to achieve, it has
become absolutely necessary that the commitment at the leadership level
be heightened.

The CITN chief said
that to achieve the dream, internal and international integration
through harmonisation of policies, rule of law, among others, should be
attained without delay.

“This is because
these factors are necessary for the foundation for regional
integration. To surmount these challenges, governments at all levels in
Africa must be up and doing in policy making and implementation. The
present collaboration among various professional bodies and the
creation of awareness within the region is a good step in the right
direction,” he said.

Mr. Adigun said that the coordination and harmonisation of taxes and
other trade elements had become necessary because of the position of
Africa in relation to various world statistics and indexes.

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