◇ Zacch Adedeji
By Lucy Ekpeyoung
As a result of its dynamic management and innovative technical competence the Federal lnland Revenue Service (FIRS), has achieved remarkable success in simplifying tax processes and have increased the number of taxpayers by 170,000 in less than one year, since Dr. Zacch Adedeji assumed office in September, 2023.
Femi Olarinde, Special Adviser on Tax Policy to the FIRS Chairman who made this disclosure at a media parley in Lagos, said the Agency has eliminated the need for taxpayers to navigate through different offices such as Stamp Duty or VAT offices. Now with just a click on the taxpromax, taxpayers can handle all their obligations seamlessly.
Determined to signing contribute to the growth of Nigeria’s economy he stressed that the key strategic drivers of the revenue service are focused on people, technology and processes.
“We integrated nine new modules on our novel technology called the Tax promax,it is a technology we use to administer tax. We designed the technology in-house because we encourage innovation.
“Within one year we expanded that module because of the drastic investment on innovation. We are revolutionising tax office into the streamlined one stop shop which reduces the cost of administration as well as the cost of compliance. We have improved customer satisfaction by over 70 percent” he explained.
Olarinde further pointed out that the launch of the national single window initiative designed to stimulate economic growth and provide businesses with seamless access to the global market.
He maintained that the initiative also facilitates efficient and streamlined operations port while harmonizing and boosting government revenue.
The revenue service recorded 56 percent year on year (YoY), increase in revenue collected to #3.94 trillion in first quarter of 2024 compared to the#2.25trillion collected in first quarter 2023.