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The Joint Revenue Board says 21 states have passed the Model Harmonised Taxes and Levies Law as part of efforts to reduce multiple taxation. The board said the reform groups more than 100 fragmented taxes and levies into nine tax and levy categories.
The Joint Revenue Board says 21 states have now passed the Model Harmonised Taxes and Levies Law, a reform aimed at reducing multiple taxation across the country.
JRB Executive Secretary Olusegun Adesokan disclosed the update during a press briefing in Abuja on Wednesday.
According to the board, the law consolidates more than 100 fragmented taxes and levies into nine tax and levy categories. The move is designed to simplify the tax structure and reduce the burden created by overlapping charges.
The states listed by the board are Kebbi, Kaduna, Zamfara, Ekiti, Enugu, Abia, Anambra, Gombe, Adamawa, Yobe, Borno, Niger, Plateau, Benue, Kogi, Kwara, Nasarawa, Akwa Ibom, Bayelsa, Delta and Ondo.
The update shows growing state-level adoption of a common tax framework intended to bring more order to how taxes and levies are imposed. matters
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What it means for your money
This has potential direct relevance for businesses and self-employed Nigerians that deal with state and local levies. If implemented effectively, a simpler and more harmonised system could reduce overlapping charges and make tax planning easier, though the immediate effect will depend on how each state applies the law.
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Attention will now turn to how the 21 states implement the harmonised law in practice. It will also be important to monitor whether more states pass the model law and whether taxpayers see a real reduction in overlapping taxes and levies.
The key development is that 21 states have adopted a model tax law meant to reduce multiple taxation by collapsing more than 100 taxes and levies into nine categories. Its real impact will depend on implementation across the states involved.
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