The Federal Internal Income Service (FIRS) blames a significant loss of income to the Federation account for inadequate retention of tax withdrawal, the value added tax (VAT) and the timbre tax by the ministries, departments and agencies (MDA).
FIRS executive president Zacch Adedeji declared this in the commitment of FIRS -OAGF stakes, with the issue: “Improvement of fiscal compliance through collaboration”; He urged government institutions to lead with the example in tax and administration collection.
“Despite the technological advances we have made, particularly with Gifmis and our own Taxpro Max platform, we continue to observe lapses in the retention of fiscal deductions, VAT remittances and timbre tax administration from the MDA space.
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“These gaps, many of which are due to technical limitations and a knowledge deficit about fiscal compliance requirements, result in significant losses of recurrent audit income and problems.
“When government institutions meet taxes, the message that citizens already send to the private sector is powerful: that no one is above the law, and that transparency begins at home.
“Our credibility as public institutions is first proven by our own adherence to tax regulations.
“If we must increase income to comply with our national development priorities, then we must begin by ensuring that public sector actors play with the rules, and help others do the same,” said Addeji.
He sought the creation of consciousness to boost tax collection, adding that the greatest collaboration with income -generating agencies is the way to follow.
The general accountant of the Federation (AGF), Babatunde Ogunjimi, in his opening comments, insisted that improving compliance with taxes among Nigerians is now a national priority.
Ogunjimi said there is a pressing need to optimize tax collection that admitted that it can only come when MDA collaborate.
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