FIRS moves to enforce centralized revenue collection as banks get marching order
Nigeria’s Federal Inland Revenue Service has urged Money Deposit Banks in the country to close down illegal revenue accounts domiciled with them to ensure a smooth transition to a centralized collection system.
Cornet News reports that the FIRS is ambitious of harmonizing revenue collection, as a way of ensuring transparent and efficient management of government tax proceeds. According to a FIRS statement, the order affects revenue accounts not captured by its innovative solution, TaxPro Max system.
The agency describes TaxPro Max as “a homegrown tax administration platform that facilitates tax-related activities, including registration, filing, payment issuance of tax clearance certificates, among others.”
Speaking at a news conference, FIRS chairman, Zacch Adedeji, stated that all tax and levy collections on behalf of FIRS must be processed based on assessment raised on the TaxPro Max platform.
He said, “All banks participating in the FIRS Collection, Remittance and Reconciliation Scheme are hereby advised to comply with this directive within the stipulated period.
“We count on your cooperation to ensure a smooth transition to this centralised system, thereby contributing to a more transparent and efficient tax collection process,” Adedeji said, according to a statement issued by his special adviser on media, Dare Adekambi.
He also urged taxpayers and other stakeholders to reach out to the Revenue Accounting and Refund Department (RAAD) in FIRS for any clarifications or support regarding the directive.
By Adeola Atanda
