Friday, March 26, 2021

FIRS moves to use NIN to collect tax from Nigerians

In a bid to ensure strict compliance with tax payment, the Federal Inland Revenue Service says it is working towards adopting the National Identification Number (NIN) database to ramp up the registration of taxpayers.

The move was disclosed by the 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.

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.

The chairman also noted 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.