By NKIRUKA NNOROM

Following continued complaints by organised private sector, OPS, over the effect of multiple taxations on manufacturing in the country, the federal and state governments have commenced moves towards addressing the problem by setting up a committee to look into the complaints.

The committee is saddled with the responsibility of assessing the negative implications of multiple taxations on the economy and submit recommendations on how to tackle the fiscal menace for improved performance of the economy.

The committee is also expected to take a holistic appraisal of the incident of multiple taxations, particularly its threats to corporate entities, and proffer comprehensive measures that could be used to reduce to the barest minimum its manifestations at all levels of the economy.

The Acting Chairman of the Federal Inland Revenue Service, (FIRS), Alhaji Kabir Mashi, said this at the 27th Meeting of the Joint Tax Board (JTB) held in Abuja.

According to him, the move became necessary to ensure that tax burden on corporate entities is removed and to also improve tax compliance rate in the country.