FIRS To Sync With NIN Database For Tax Collections

The Federal Inland Revenue Service (FIRS) has concluded arrangements to synchronise the National Identification Number database to ramp up registration of taxpayers, data collection, as well as profiling in the country.

This was contained in a statement issued by the FIRS Chairman, Muhammad Nami, who disclosed that the agency was working with the National Identity Management Commission (NIMC) to achieve this.

According to the FIRS Chairman, this is to ensure all eligible taxable persons in the country were compelled to declare; and also pay their taxes honestly and promptly.

He made the disclosure on Thursday, March 25, in Kaduna at the 147th meeting of the Joint Tax Board (JTB) tagged Strategic Initiative for Sustainable Revenue Generation: Prospects, Challenges, and Next Steps.

Nami, who is also the chairman of JTB, said the FIRS would adopt electronic taxation (e-Tax) to help minimise revenue leakages; limit tax evasion; as well as significantly improve the fiscal position of state governments amid the current economic challenges.

He noted that a lot of people were making monies privately without remitting appropriate taxes; also stressing that introducing new technologies into tax administration would help to curb the challenges faced in the country.

The FIRS boss said it was important for federal and state revenue generating agencies; to adopt new technologies to deliver on their core mandate.

In his opening remarks, Kaduna State Governor, Nasir El-Rufai, urged the federal and state revenue generation agencies; to come up with a new reform of modifying the consumer tax; whereby people would pay a fair share of what they consume.

With the dwindling crude oil prices in the international market; he believes the future of the country no longer lies in revenue from oil.

The governor stated that the ability of the Federal and states governments to embark on aggressive revenue generation; through sustainable income as well as consumption taxes, would be of great advantage to the country.

 

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