How FIRS Used Technology To Raise Revenue To N700BN
Tax revenue earned in Nigeria has ballooned to 700 billion naira over the past two years, thanks to use of technology.
According to the Federal Inland Revenue Service, FIRS boss, Babatunde Fowler, tax compliance had been fast-tracked through deployment of information and communications technology.
Fowler spoke in Abuja on Thursday at the opening session of the 13th General Assembly of the West African Tax Administration Forum.
“In Nigeria, we have in the past two years taken the route of increasing the use of the ICT in facilitating taxpayers’ compliance and introduced initiatives to improve inter-agency collaboration, all with a view to enhancing tax administration and reduce tax revenue leakages.
“Our efforts in this regard has made an impact and contributed to an increase in the taxpayers’ roll by an additional four million taxpayers and an increase of over N700bn in tax revenues in 2017, above the taxes collected in 2016,” Folwer said.
He called on other countries in the sub-region that made up WATAF to embrace the use of the ICT tools.
This, he noted, would help to check the issue of tax evasion and abuse of tax administration processes.
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