A’Ibom Tax Reform Bills to Protect Low-Income Earners, Boost SMEs — AKIRS Assures Amid Dissenting Voices
By Asuquo Edem The Chairman of the Akwa Ibom State Internal Revenue Service (AKIRS), Sir Okon Okon, has assured residents that the proposed State tax reform bills before the Akwa Ibom State House of Assembly are designed to protect low-income earners, stimulate small and medium-scale enterprises (SMEs), and strengthen economic growth, despite concerns and dissenting opinions raised by some stakeholders. Sir Okon gave the assurance on Wednesday during a public hearing on three executive bills organised by the House Committee on Finance and Appropriation. The bills include the Akwa Ibom State Revenue Service and Administration Bill 2025, Akwa Ibom State Taxes and Levies Bill 2025, and the Akwa Ibom State Betting and Lottery Regulatory Agency Bill 2025. Addressing stakeholders, the AKIRS chairman—who is also a member of the Presidential Committee on Fiscal Policy and Tax Reforms—said the reforms would eliminate multiple taxation, harmonise tax administration across the state, ...