Enugu State Introduces ₦36,000 Traders Levy to Boost IGR

Enugu State has implemented a ₦36,000 annual levy for traders, as announced by Keen Nnamani, the Executive Chairman of the Enugu State Internal Revenue Service. This initiative aims to harmonize the tax system and eliminate the challenges of multiple taxation that traders face from various agencies, including local and federal authorities.

The levy encompasses several fees, including presumptive tax and business premises charges. Nnamani highlighted that this new system would cover all levies once the annual payment is made, thus preventing further charges on traders.

The state has also introduced a technology-driven payment system to enhance revenue collection, which has already seen the IGR rise to ₦7.4 billion within a year. Nnamani dismissed claims of ambiguity in the new tax law, emphasizing its straightforward nature and the importance of compliance.

Abani, a key speaker at the event, warned of penalties for non-compliance, including additional taxes and potential prosecution.