The Federal Government will increase tax remittance within one week and ensure a working partnership between the Federal Inland Revenue Service and the state tax boards. This move is to block all leakages of tax evasion and avoidance and improve government’s revenue.
This was disclosed by the Acting Executive Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler at the 132nd meeting of the Joint Tax Board in Abuja on Monday.
Fowler who also doubles as the head of the Joint Tax Board stated that the Federal Government’s goal was to ensure total tax compliance in the country.
“This means that every individual at the state level and every corporate organisation at the federal is taxed and pays the appropriate amount,” he said.
“We are going to exchange information with state boards of internal revenue so that we have all the information in a database. We’ve given them out already in case there is any company within their states that they don’t currently have on their database. That is step number one.
“So, immediately, we should have a growth in taxpayers both at the federal and state levels within one week.”
“Let me not put a Naira figure on it. But I can tell you in terms of percentages. Based on information given by the FIRS, they did say that they had about 450,000 corporate organisations, out of which one-third were paying,” he added.
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