The National Assembly has considered the consolidation of revenue collection into a single agency through a legislative action.
It said the move would curb duplication, tackle corruption and ensure seamless transactions by taxpayers.
This was contained in a communique issued at the end of the 3-day Retreat on Saturday for Senators of the 10th National Assembly on Fiscal Policy and Tax Reform at Four-point at Sheraton hotel, Ikot Ekpene, Akwa Ibom state.
The communiqué signed by Sen. Yemi Adaramodu, chairman, Senate Committee on Media and Public Affairs/ Chairman, Communique Sub-Committee of the Senate Retreat noted that the move would simplify the tax system, reduce duplication of efforts, and make it easier for taxpayers to comply with the law.
The communiqué said lots of tax policies, for instance, the Stamp Duty Act of 1939, shall be reviewed to conformwith the present ways of doing business in the country.
“There is need to enhance public spending efficiency, by tackling corruption in government spending in order to provide commensurate fiscal exchange to citizens and boost tax morale.
“The situation where many agencies of government are involved in collecting taxes and new laws continue to make it the responsibility of these agencies to collect taxes should be halted through a legislative resolution,” the communique stated.
It added that bills on taxes should be presented as Executive Bills and not as private member bills.
