Also speaking, Mr Vincent Furo, the Deputy National Treasurer, Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), decried calls for investment in the waterways.
“Considering tourism as a new front to invest in, the waterway is a laudable idea but when you do your feasibility study, you will know that it is a no go area because of militancy,” he said. [eap_ad_2] He urged the government to come up with a policy that would train, empower and monitor youths in entrepreneurship to be self employed.
In his contribution, Mr Clement Akanibo, a tax Consultant, said the tax issue was a challenge to Rivers entrepreneurs, adding that it had discouraged new investors to participate in the business environment.
Akanibo disclosed that failure of the entrepreneurs to know the laws on taxation had also made them prone to manipulations by corrupt tax agents.
According to him, entrepreneurs should have the tax list of collections model to be properly educated on what, when and how to pay tax.
“Entrepreneurs’ should keep track of business records as this will aid them and the tax agents in resolving deductions to be paid as tax.
Earlier, Mrs Onene Oshoko, the Chairman of Rivers State Internal Revenue Service (RIRS), said a lot of improvement had been made in tax collection by the agency.
“We do not have a target to increase income tax of the individuals but our target is to ensure that those who have not been paying their income tax are made to pay voluntarily,” she said. (NAN)[eap_ad_3]