shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » PIB: NARTO Seeks Waiver Of Withholding Tax

PIB: NARTO Seeks Waiver Of Withholding Tax

by Joshua
August 16, 2009
in Uncategorized

Even as stakeholders brainstorm on the Petroleum  Industry Bill (PIB), the Nigerian Association of Road Transport Owners (NARTO) has called on the National Assembly to incorporate waiver of five per cent withholding tax on payment for lifting of petroleum products by their trucks at fuel depots and refineries.
Under the present dispensation, all truck loading products at  refineries and depots are required to pay a five per cent withholding tax, but National Operations Co-ordinator of NARTO, Alhaji Lawal Isa was unacceptable.
Alhaji Isa said in NARTO’s  the presentation in Abuja at the public hearing being conducted on the PIB  by the Senate Joint Committee on petroleum that the  anomaly of five per cent withholding tax being paid to the government by their tanker trucks for lifting petroleum products at refineries and depots should be corrected.
NARTO is the umbrella association of all commercial vehicle owners; it commands about1606 tanker trucks for lifting of petroleum products from all functional refineries and depots on daily basis to meet Nigeria’s estimated daily consumption of 33 million litres. 
According to Isa, the removal is necessary since the PIB is in pursuit of transparency, accountability and openness in the management of revenues in the oil and gas industry.
Saying that another operator within the oil sector was once subjected to the same practice, but a waiver was considered for them after requests were made, the NARTO boss pleaded that the same should be accorded to his association.
 


Related Posts

ECOWAS Electricity Agency Assures Of Stable, Affordable Power Across W/Africa From 2023

FG Urges Entrepreneurs To Embrace ECOWAS Trade Scheme

May 19, 2023
Nigeria Targets Over $500 Million From Cashew Export

Weekly Global Marine Incidents May 8, 2023

May 8, 2023
Stock Exchange Closes Week With 24 Gainers 27 Losers

Stock Exchange Closes Week With 24 Gainers 27 Losers

May 1, 2023
Investors Buyout Norwegian Car Carriers from Klaveness

Investors Buyout Norwegian Car Carriers from Klaveness

May 1, 2023

Discussion about this post

Latest News

Shipping Can’t Be Developed Through Politicking – Jolapamo 

Shipping Can’t Be Developed Through Politicking – Jolapamo 

June 3, 2023

Nigeria-Indonesia Trade Grew To $4.7bn In 2022 – Chamber

MWUN To Paralyse Port Operations Over Welfare Of Workers In Shipping Sector

Reps Back Planned Disbursement Of CVFF

NIMASA Calls For Review Of Trade Terms From FOB To CIF

Ex – Shippers Council Bosses Bag National Award

APFFLON Urges Tinubu To Come Up With Blueprint That Will Strengthen AFCFTA 

VESSELS EXPECTED AT LAGOS PORTS AS AT FRIDAY 2ND JUNE, 2023

AfCFTA: Kenya To Scrap Visa Fees For Africa Traders

Customs Initiates New Fast Track Method For Compliant Importers

NEITI Hails Fuel Subsidy Removal, Offers 8 Strategic Considerations

Officer of the Order of the Niger: For Hassan Bello, It’s A Honour Well Deserved

kindly like our Facebook page

Health

FG To Place 80% Hypertensive Nigerians On Standard Treatment
Health

FG To Place 80% Hypertensive Nigerians On Standard Treatment

May 22, 2023

The Federal Government said it has instituted strategic interventions at the Tertiary, Secondary, and Primary Health Care levels to screen...

High Blood Pressure Explained

High Blood Pressure Explained

May 22, 2023
Some Impressive Health Benefits Of Onions That May Interest You

Some Impressive Health Benefits Of Onions That May Interest You

May 22, 2023
Failed IVF Cycles Not End Of Parenthood Journey

Failed IVF Cycles Not End Of Parenthood Journey

May 15, 2023
COVID-19: Fifth Wave Looms As Nigeria Records Three Deaths In One Week

COVID-19: Nigeria Embarks On Integrated Health Emergency

May 15, 2023
Some Health Benefits Of Eating Groundnuts (Peanuts)

Some Health Benefits Of Eating Groundnuts (Peanuts)

May 15, 2023
BEWARE: Too Much Sex Is Bad For You!

DANGER: Why Sudden Death Happens During Sex – Expert

May 8, 2023
Five Early Warning Signs Of Pancreatic Cancer That Could Save A Life

Five Early Warning Signs Of Pancreatic Cancer That Could Save A Life

May 8, 2023
All You Need To Know About Snoring

All You Need To Know About Snoring

May 1, 2023
Salt: Why You Need It, How Much Is Too Much, and How to Cut Back

Salt: Why You Need It, How Much Is Too Much, and How to Cut Back

May 1, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition