Read!: Buhari orders MDAs to grant access to FIRS for tax collection; For tax collection purposes, President Muhammadu Buhari has ordered ministries, offices, agencies, MDAs, and business establishments to give access to their networks to the Federal Inland Revenue Service (FIRS).
On Thursday, at the First Annual National Tax Dialogue organized in Abuja by the FIRS, the President released the Order.
The Executive Chairman of the FIRS, Mr. Muhammad Nami, also announced in his speech that the FIRS would completely digitalize the tax process.
He also expressed his appreciation to the President and all other partners who have worked together to enact the requisite regulations for their continuing patronage of the operation.
Buhari also ordered the FIRS to “immediately put all measures in place to fully implement programs to stamp out Base Erosion and Profit Shifting in all of its ramifications and generally automate its tax processes.”
He urged the FIRS to fast-track its digitalization of the tax collection process.
“I have directed all government agencies and business enterprises to grant FIRS access to their systems for connection. We all are now living in a fast digitalising world.
“As such, business transactions are continually being migrated from “brick and mortar” locations to digital places.
“However, It is necessary for tax authorities to adopt digital means to efficiently track taxable transactions for the purpose of collecting taxes.
“We also made necessary amendments to the FIRS Establishment Act in the Finance Act 2020 in order to provide the necessary legislative framework for adopting technology in tax administration,” he said.
Summary!: Buhari orders MDAs to grant access to FIRS for tax collection
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