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First with the News

FIRS to Use NIN to Collect Tax From Nigerians

• Says development geared towards ensuring strict compliance with tax payment.

March 26, 2021
in Economy, Technology and Science, Top Stories
0
FIRS Generates N4.9trn Tax In 2020

Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami.

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The Federal Inland Revenue Service FIRS is working towards adopting the National Identification Number (NIN) database to ramp up the registration of taxpayers.

The development which is a part of efforts geared towards ensuring strict compliance with tax payment, was disclosed by FIRS chairman, Muhammad Nami, at the 147th meeting of the Joint Tax Board (JTB) tagged ‘Strategic Initiative for Sustainable Revenue Generation: Prospects, Challenges, and Next Steps,’ held in Kaduna.

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Mr Nami said the agency was making arrangements with the National Identity Management Commission (NIMC) in data collection, and profiling in the country, Channels TV reported.

According to him, the new development will ensure that taxable persons are made to pay taxes promptly and honestly.

While noting that electronic taxation (e-Tax) will be adopted in order to minimise issues bordering on tax leakages, tax evasion, as well as improve the fiscal position of state governments, Mr Nami added that it was pertinent that states and federal revenue-generating agencies adopt the new development.

Delivering his remarks, Governor Nasir El-Rufai of Kaduna appealed to revenue generation agencies at both federal and state level to develop a new reform of modifying the consumer tax whereby people would pay a fair share of what they consume, this, according to him, would be of great advantage to Nigeria.

According to him, the future of Nigeria no longer lies in revenue from oil, due to the dwindling crude oil prices in the international market.

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