FIRS to block tax leakage with 100% automation

The Executive Chairman of the Federal Inland Revenue Service (FIRS) Muhammad Nami, has vowed to block leakages associated with tax collection as it targets 100 per cent automation of all its tax administration processes.

Nami while speaking as a special guest at the Pedabo 2022 Annual Public Private Sector Engagement stated that the amendment to Section 25 of the FIRS (Establishment) Act in the 2021 Finance Act, has stipulated penalties for any person who fails to grant the service access to its information technology systems.

“We will seek to achieve 100% automation of all our tax administration processes, which will block revenue leakages and revolutionize revenue generation in the country.

In a statement by his Special Assistant on Media, Johannes Oluwatobi Wojuola, the chairman added that the service would give priority to the collection of taxes from the digital economy deploy technological tools in assessing entities that fall within the Significant Economic Presence (SEP) threshold and relevant turnover generated from Nigeria.

“The Service has deployed a digital service interface, the Digital Economic Compliance (DEC) Tool, to facilitate the implementation of the Regime.

“The implementation of the DEC Tools will also assist the Service in determining entities that fall within the SEP threshold and relevant turnover generated from Nigeria. This tool will go live shortly.”

He called on taxpayers, tax consultants, tax collection agents and other stakeholders in the tax system to partner with the FIRS in 2022 to make taxation and tax revenue collection a pivot for economic growth and national development, stating that “no society can grow without its citizens paying their taxes.