Daily Trust

FIRS generates more revenue with adoption of technology – Nami

- By Faruk Shuaibu

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 nonpayment 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.

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