LESS TAXES AND MORE PROSPERITY OUR PROPOSALS
1. INCOME TAX FOR INDIVIDUALS AND CORPORATIONS TAX.
We will carry out a third rebate of the ITI, which will have three axes:
. A general decrease in rates, with a maximum of 40% and a minimum of 10%.
. A substantial increase in family deductions. In particular, a specific effort will be made to families with two or more children and for those with disabled or dependents on them.
The incentive of saving, through the creation of a program to support savings with a tax incentive framework for long-term savings, which reduces the tax burden especially for the small saver and which contemplates a minimum exemption of 150,000 Naira for the taxation of the income of capital in the ITI.
We will incentivize fiscally that older people can obtain annuities through insurance contracts made on his living place.
We will encourage the hiring of Savings-Dependency Insurance with a treatment similar to that received by pension plans.
We will improve the deductions for the contributions of individuals, companies and associations to the heritage of people with disabilities.
We will increase the amount of aid to working mothers with children under three years of age.
We will improve the taxation of small and medium businesses in Corporate Tax.
We will promote the creation of day care centers with a tax deduction of 30% of the contributions of companies to daycare services for the children of their employees.
We will establish a special tax regime for those companies whose exclusive object is the realization of R & D activities.
We will promote productive and employment-generating investment in direct taxes.
2. TAX MODERNIZATION
- We will promote the modernization of the Wealth Tax, in accordance with the current characteristics of our tax system.
- We will promote a simplification and update of other tax figures, such as the Tax on Patrimonial Transfers and Documented Legal Acts, in order to adapt them to the current ones Nigeria's economic circumstances and prevent them from acting as obstacles to saving or proper commercial traffic.
3. GREATER AGILITY AND ADMINISTRATIVE SIMPLIFICATION
- We will expedite the declaration procedures and the returns by the State Agency of the Tax Administration,
promoting the generalization of the presentation of statements and self-assessments through telematics.
- The State Agency of the Tax Administration will send all the people who do not have obligation to make the declaration of the ITI the certificates of the amounts that have been paid for this tax.
- We will promote that the citizen can access all kinds of forms, forms and administrative models, from any point with access to the Internet.
- To prevent citizens from requesting various tax certificates for the request of aid, we will promote the processes of direct exchange of information with other administrations public.
- We will encourage the admission of new forms of payment in all tax procedures (Internet, credit card, debit account ...) facilitating the payment of taxpayers.
- We will adapt tax management to the greater fiscal coresponsibility derived from the new system of regional financing. In this sense we will promote mechanisms that make more transparent
the state and local governments tax burden in the ITI and we will inform the taxpayer, in the corresponding invoices, of the part of the indirect taxes (VAT and Special Taxes) that corresponds to the regional collection section.
4. FIGHT AGAINST FISCAL FRAUD
- We will strengthen the relations of the
Tax Agency with the tax administrations of other countries, through the provision of information and greater collaboration and coordination in the fight against tax fraud.
- In particular, we will tighten our regulations and reinforce the material means to continue fighting against tax havens.
- We will continue promoting the use of new technologies in the procedures of management, collection, inspection and
claim.
