FIRS Generates more revenue with adoption of technology, says Nami

image

Economic Confidential, JULY 2021

The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that the adoption of technology in tax collection is attracting more income to the service through its TaxProMax.

Nami in a statement yesterday by its Director, Communications and Liaison Department Abdullahi Ismaila Ahmad, said the new initiative by the service resulted in the generation of N650 billion to government coffers in June.

“For many years, our revenue generation architecture had been largely manual with limited use of technology. Adopting technology in tax administration is crucial in improving domestic revenue mobilisation given dwindling oil prices to avoid falling into a debt crisis. It is against this backdrop that the TaxProMax became the channel for filing Naira-denominated tax returns effective from 7th June 2021,” he said.

He explained that TaxProMax allows seamless registration, filing, payment of taxes and automatic credit of withholding tax as well as other credits to the Taxpayer’s accounts among other features.

The Chairman stated that challenges of tax collection in the country include non-payment of taxes collected by companies as agents of the service and late payment.

He appealed to defaulting corporate organisations to remit VAT and other taxes as and when due.


Appeal for support


Conflict Reporting is dangerous and risky. Our reporters constantly face life-threatening challenges, sometimes surviving ambushes, kidnap attempts and attacks by the whiskers as they travel and go into communities to get authentic and firsthand information. But we dare it every day, nonetheless, in order to keep you informed of the true situation of the victims, the trends in the conflicts and ultimately help in peace building processes. But these come at huge cost to us. We are therefore appealing to you to help our cause by donating to us through any of the following means. You can also donate working tools, which are even more primary to our work. We thank you sincerely as you help our cause.

Alternatively, you can also email us on info@yen.ng or message us
via +234 803 931 7767