Our tax system must work for all Nigerians, says Nami
The Federal Inland Revenue Service (FIRS) says the 2021 finance bill will enable an efficient tax system that will work for all Nigerians.
Muhammad Nami, executive chairman of FIRS, revealed this in a statement issued by Johannes Wajuol, his special media and communications assistant, on Monday at Abuja.
According to Nami, laws and policies must first and foremost work for the Nigerian people, for whom they were elected or appointed to serve.
“Whatever proposals are submitted for consideration, they must be critically examined in relation to what works for Nigeria, the business community, taxpayers, tax advisers and the Nigerian system as a whole,” said Nami. .
âIt will help us more if we realize that our collective effort and service is not about us. This is our country.
âWe must build a tax system that is not only robust, but that will outlast our respective services to this nation; whether as members of the executive, the judiciary or the legislature.
âIn other words, these laws need to be crafted in a way that reflects not only what we think is right, but what is really right – yesterday, today and continues to be fair tomorrow. “
The FIRS boss also noted that the House of Commons Budget Policy Reform Committee and Finance Committee should continue to craft laws that stand the test of time and reflect economic realities.
“The finance bills have given the federal government and the Fiscal Policy Reform Committee the opportunity to annually review and identify shortcomings in our tax system, correct them and ensure that the government can win. the income he needs so much for the execution of his mandate âhe added.
“Without the commitment of the leadership of the National Assembly and members of the executive, from day one until the tax reforms targeted by the finance laws, we would not have been able to achieve the resounding successes that we have. registered since 2020. “
Nami said it was the 2020 Finance Law that gave FIRS the power to deploy its digital tax administration solution, TaxPro Max, with the ensuing results.
âThis groundbreaking amendment to the FIRS Establishment Act gave us the power to deploy our local digital tax administration solution called TaxPro-Max,â he said.
âThis platform enables transparent electronic registration of taxpayers, electronic filing of returns and payment of taxes.
âTherefore, it is no surprise that the FIRS was able to raise over 5,000 billion naira between January of this year and today, when we are confident that we will meet our total VAT target for the year. “