Home Business Tax compliance vital for infrastructure, social services
Business

Tax compliance vital for infrastructure, social services

Share
Share

By Benson Daniel

Tax compliance has been identified as a key factor in improving infrastructure and providing essential social services to citizens.

Experts and stakeholders said regular payment of taxes would strengthen government revenue and enable authorities to fund critical projects such as roads, schools, healthcare facilities, water supply and other public services.

They stressed that citizens and businesses have important roles to play by meeting their tax obligations, while governments must ensure transparency and accountability in the use of public funds.

The stakeholders also called for improved tax administration, public awareness and policies that would make tax payment easier and encourage more people and businesses to comply.

They noted that stronger tax compliance would help reduce dependence on borrowing and provide governments with more resources to drive sustainable development.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Didi to Invest Over $200 Million in Argentina as It Expands Ride Hailing Services

Chinese ride hailing company Didi Global plans to invest more than $200...

India Proposes Red Warning Labels for High Sugar, Fat and Salt Foods

India’s food safety regulator has proposed introducing prominent front of pack warning...

Japan Spends Record $96.5 Billion to Support Yen

Japan spent a record 15.4 trillion yen ($96.5 billion) intervening in foreign...

Lidl Owner Schwarz Group Plans $6.5 Billion Data Centre in Northern Germany BY 2033

Germany’s Schwarz Group, the owner of Lidl, is planning to invest up...