Taxpro Max allows taxpayers engage in online tax services – FIRS
Federal Inland Revenue Service FIRS has said the development of Taxpro Max platform was designed to allow taxpayers to file returns and access various tax services online.
The Executive Chairman FIRS, Zacch Adedeji who disclosed this in Lagos at Private Sector Stakeholders Engagement organised jointly by LCCI and FIRS said FIRS suite of e-services—including e-filing, e-reporting, e-registration, and e-TCC—demonstrates its commitment to facilitating easy and efficient tax management.
Speaking on the theme:’Emerging Tax Matters” Adedeji said that FIRS has also established a robust data management division to ensure accurate assessments and strategic planning, leveraging data analytics to enhance our tax administration.
Adedeji who was represented by Acting Director, Medium Taxpayer Department-South, Mrs Oti Olaniyi said that tax education and public awareness are vital for fostering a culture of tax compliance, nothing that taxpayer education campaigns help citizens understand their tax obligations and the benefits of tax revenue.
He stated that our tax system, a foundational element of economic policy, was undergoing significant reforms and these changes are driven by the need for increased revenue, better compliance, and more equitable economic practices.
These reforms according to him are essential to meet with emerging tax issues and also commensurate with the fiscal tax reforms being handled by the Presidential Fiscal Policy and Tax Reforms Committee.
He said modernizing the nation’s tax system to address current economic challenges is crucial, adding that the recent changes in the tax landscape are designed to simplify the tax system, broaden the tax base, and ensure a fairer distribution of tax responsibilities.
Admitting that tax incentives are crucial for encouraging investment and economic growth, he said Nigeria has introduced several incentives to attract foreign investment and support local industries.
Citing an example, he said the Ministry of Finance (MoF) has released a Circular on fiscal incentives for the gas sector and this Circular is in line with the Presidential Gas for Growth Initiative which aims to improve the investment climate in Nigeria and to increase the utilisation and supply of gas in the domestic market.
To this end, he said a zero percent VAT rate is now applied on Feed Gas for all processed gas, Compressed Natural Gas (CNG), Imported Liquefied petroleum gas (LPG), LPG and CNG equipment components, conversion and installation services and all equipment relating to the expansion of CNG and LPG, including conversion kits.
He pointed out that as we explore various tax incentives to stimulate local industries, we must emphasise the need for transparency and effectiveness in the implementation of these incentives.
