FIRS

Category: Press Release

FIRS, Efcc Partner To Track Tax Defaulters As Vaids Ends

FIRS, Efcc Partner To Track Tax Defaulters As Vaids Ends

Recover N29billion from Withholding Tax/VAT in 5 months
The Management teams of the Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) are to deepen and strengthen their collaboration to track both individuals and organisations who refuse to pay the right taxes.

The partnership will beam searchlights on defaulting taxpayers who also refused to rely on the Federal Government’s tax amnesty programme: Voluntary Assets and Income Declaration Scheme (VAIDS) to offset their tax liabilities.

Already, the FIRS-EFCC partnership has led to the recovery of the sum N29 billion Withholding Tax from banks and other financial institutions in the country only between November 2017 and March 2018.

At a meeting today at the EFCC headquarters in Abuja, the Executive Chairman of FIRS, Tunde Fowler said Nigeria, just like other countries across the world, is looking inwards to raise the economic base and would not tolerate tax defaulters. The FIRS Executive Chairman was at the EFCC headquarters on a courtesy visit.

Said Fowler: “There are some issues of non-remittance of Withholding Tax, Value Added Tax and Personal Income Tax. The EFCC has shown support before. When tax defaulters are invited to your office (EFCC), we see result. I don’t know how you do it but we see result. Recently, two banks came forward to comply on their own. I think that they must have heard words. We want joint assistance with the EFCC, especially now that VAIDS is over, to make sure that all tax defaulters get the lawful treatment. 

“I want to let every taxable person in Nigeria know that we are ready to deploy all powers within our disposal to ensure that every tax defaulter is punished according to the law”.

The Acting Chairman of the EFCC, Ibrahim Magu, said the EFCC is ready to do more to bring culprits to book.

Magu said: “People are in a hurry to collect taxes but are reluctant to remit them. It is very distressing. We may put a team together to ensure that whatever taxes collected by anybody is remitted and on time. I also want to congratulate you (FIRS) because of the change in the narrative. There is no doubt that there is a real improvement in our tax system. We will collaborate. We had done this in the past when we had a joint training in Kaduna. We will make sure that we do anything you ask us to do as far as it is lawful “, he said.

The EFCC boss urged every Nigerian to join in the fight against corruption, saying everyone has a role to play.

“Everyone has the responsibility to fight corruption. You may not do it the way Magu does his own. the best approach is for us to agree that corruption is bad. I appeal to everyone to fight corruption even at home. Tell the children that corruption is bad”, he said.

Signed
Wahab Gbadamosi
Head, Communications and Servicom Department
Federal Inland Revenue Service​

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We Are Ready To Share Experience

We Are Ready To Share Experience

The Executive Chairman, Federal Inland Revenue Service (FIR) and Chairman of the African Tax Administration Forum (ATAF), Mr. Tunde Fowler has said Nigeria is ready to share experience on taxation with other tax authorities in the West African sub-region.

Fowler made this remark today in Abuja at the 13th General Assembly meeting of the West African Tax Administration Forum (WATAF), where the regional tax body was launched.

The FIRS Chairman noted that the launch of WATAF presented another opportunity for tax authorities in West Africa to forge alliance, re-strategise and work together to raise the West African economy.

“It is poignant to note that we have once again an opportunity to forge alliances and chart a course for our collective good as heads of tax administration in West Africa. This opportunity we must utilise to the best of our abilities”, Fowler said.

He noted that Nigeria has, in the past two years taken the route of increasing the use of Information and Communication Technology (ICT) in facilitating taxpayers’ compliance and has introduced initiatives to improve inter-agency collaboration, all with 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 4 million taxpayers (companies and individuals) and an increase of over 700 billion naira (equivalent of 2 Billion US Dollars) in Tax revenues in 2017, above the taxes collected in 2016.

Be assured that Nigeria is willing to share our experience and support any country in the sub-region in implementing any of such e-taxpayers’ service initiatives”, Fowler said.

Fowler said the launch of WATAF was a historical event as WATAF makes its formal entry in to the ranks of similar organisations focused on international collaboration in Tax matters, having attained the statutory requirements spelt out in the WATAF Agreement providing for at least five (5) countries’ ratifications for the Agreement to come in to force and in line with the requirements of the Vienna Convention. 

“This marks a new dawn in the consolidation of our collective aspiration to improve the standard of living of our people through effective mobilisation of available domestic tax revenue. Not only that, now West Africa has a platform for countries to collaborate in tax matters solidly supported by our governments and a Forum to articulate and project the West African perspective in tax administration, in the global tax arena”, Fowler said.

The Commissioner-General of Liberia Revenue Authority, Elfreda Tamba, who until this morning, was the Chairman of WATAF thanked Nigeria for hosting the General Assembly meeting noting that Nigeria had always “stepped in and being the big brother” in WATAF programmes. 

Tamba handed over the chairmanship of WATAF to the Commissioner, Domestic Taxes, Togo, Adoyi Ahmed ESSU-Wavana.

The Executive Secretary of WATAF, Tunde Oladapo said the launch of WATAF represented the coming of age of the organisation and said WATAF will pursue revenue mobilisation in the sub-region as well as peer learning and information and data date sharing among member-countries.

WATAF was created in 2011 and has been committed to the development of the tax administration in West Africa. the theme for the 13th General Assembly is ‘Enhancing the Revenue Potential of West Africa’, a topic created to address taxation in West Africa with the advent of e-commerce, hybrid financial instruments coupled with increased sophistication and ingenuity of the army of tax advisors.

Signed
Wahab Gbadamosi
Head, Communications and Servicom Department​

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Fowler To Ahmed- ‘Tell Your Colleagues To Give Authonomy To State Tax Authorities’

Fowler To Ahmed- 'Tell Your Colleagues To Give Authonomy To State Tax Authorities'

Kwara-IRS increases IGR to N1.5BN monthly, N17 billion in 2016

Chairman of the Joint Tax Board (JTB), Mr. Tunde Fowler yesterday placed a call to the Kwara State Governor, Dr. AbdulFatah Ahmed: ask your colleagues to empower their State Internal Revenue Services (SIRSs) by giving them autonomy.

Autonomy, Fowler said, is the key to professionalism and generation of more revenue. Said Fowler:”The good work that you are doing is evident in the performance of the Kwara State Internal Revenue Service, KWIRS. It is good enough for others to follow. We commend the work that KWIRS is doing and agreed amongst ourselves to adopt is as a model. Like I often tell my colleagues, we members of JTB must not disappoint Nigerians.

“I like you to call on other governors, your colleagues in other states who have not taken the bold step to please do and give autonomy to State Internal Revenue Services. Please help us to convey this to them as an ambassador and tell other governors.

“While calling on the members of the JTB to intensify efforts towards meeting our revenue targets, I enjoin the various State Governments to enhance funding of the tax authorities so as to achieve the desired objectives to ask his colleagues to do the same. You may have a vision. But if you don’t have the revenue to drive that vision, it is mere dream.

” I like to commend the efforts of the Executive Governor in transforming the Kwara State Internal Revenue Service. It is on record that the State annual IGR grew from N7.1bn in 2015 to N17.2bn in 2016. I therefore, urge the service not to relent in their efforts and continue to work hard to justify the encouragement received by the State Government.

Fowler, who is also the Executive Chairman, Federal Inland Revenue Service, (FIRS) spoke in Ilorin yesterday, at the opening ceremony 137th Meeting of the JTB, with the theme: “Collaboration amongst tax Authorities: Its Impact on Revenue Generation and Service Delivery to Taxpayers.

Governor Ahmed who declared the meeting open told the 36 Chairmen of the State Internal Revenue Service that KWIRS’ ability to grow Kwara’s annual Internally Generated Revenue from N7.1bn in 2015 to N17.2bn in 2016 is predicated on three key planks: People, Processes and Technology.

He noted that Kwara s IGR moved from N600 million in 2015 prior to autonomy to N1.5 billion monthly, with increase of about N17.4 billion in 2016. “As you are aware the Kwara State government signed the Kwara State Revenue Administration Law No. 6 of 2015 on the 22nd of June, 2015. Ever since the face of revenue administration has witnessed significant changes that started with the complete change of the people, process and technology for the administration of taxes.

The governor who noted that the State has floated the Kwara State Infrastructure Bond (IF-K) into which a percentage of the State’s  IGR will be paid, said that the state wants to ensure that contractors are no longer owed in Kwara State as banks will not fret to give loans to contractors.

But it is no longer business as usual, Governor Ahmed warned. “While we thank all stakeholders for their contribution to the achievements, taxpayers need note that tax payment is a civic responsibility for the development of the state.

He noted that government cannot provide the goods of democracy without citizens playing their part.

To earn continued support of taxpayers, government must demonstrate transparency and dhow what taxes being collected are being used for. It can no longer be business as usual.

“In Kwara State, our government is committed to the support of Kwara State Internal Revenue Service in the pursuit of revenue mobilisation for the strategic development of Kwara State.

“This positive result has encouraged us to go ahead with our plan to plough the revenue back into the development of infrastructure through the introduction of improve provision of social amenities to the people.  I welcome you to the 137th meeting of the JTB in this 50th year of the creation of Kwara State.

The governor noted that tax authorities across the country could benefit from synergy and cross-fertilisation of ideas adding that: “In the 26 years of the operation of the JTB, Kwara State is hosting the meeting for the first time. It is worthy that Kwara State is hosting the meeting at a time when our major reforms of tax collection and management has yielded significant results”.

He said the tax payment was civic responsibilities of the citizenry that must be held but that the government would ensure judicious uses of the collection to improve the welfare of the people.

Singed 

WAHAB GBADAMOSI

Head, Communications &Servicom Department​

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FIRS Nets N27.086b From Tax Waiver Programme

FIRS Nets N27.086b From Tax Waiver Programme

Registers 814, 000 taxpayers in 2016

The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has said that the agency realised the sum of N27.086 billion from the waiver of tax penalty and interest programme.

The FIRS Chairman disclosed this yesterday in Abuja during the House of Representatives Committee on Finance oversight visit to FIRS.

Fowler also said that FIRS registered a total of 814, 000 new taxpayers in 2016, surpassing its target to register 500, 000 new taxpayers by December 31st, 2016.

“The N27.086billionrealised from the programme came from the payment of a minimum of 25 per cent of the principal of outstanding tax liabilities between 2013 and 2015 and continued payment of agreed instalments. More revenue is expected from installmental payments of the principal”, Fowler said.

The FIRS Chief Executive added that the tax agency would continue to work in the direction of bringing more taxpayers into the tax net as that would translate into more revenue for government.

“We implemented a nationwide tax registration drive to bring additional taxpayers into the tax net. We were able to bring in additional 814, 000 taxpayers into the tax net in 2016, exceeding our target of 500, 000 previously unregistered taxpayers. This was achieved through improved collaboration with State Boards of Internal Revenue and other relevant Federal and State government agencies”.

The FIRS Chairman disclosed that 2,735 taxpayers applied under the tax waiver programme. He assured the House Committee that 2017 revenue generation prospect of the agency was bright, adding that FIRS would explore all avenues to give a better performance in 2017.

“The aggregate tax revenue collection for the year 2016 amounted to N3.307 trillion which translates to 79 percent of the government target of N4.200 trillion”, he said.

Last year, FIRS gave a 45-day window, between October 5th to November 24th, 2016 for taxpayers owing tax liabilities inclusive of interest and penalty for three years (2013 to 2015), to come forward and pay a minimum of 25 percent of their actual tax liability and spread the balance while the penalty and interest are waived.  Such taxpayers must present a payment plan on the outstanding tax liabilities that is acceptable to the Service.

The waiver programme, which came after due consultation with relevant stakeholders, was part of the Federal Government’s efforts to reduce the burden of tax liabilities on taxpayers, promote voluntary compliance and shield taxpayers from the burden of carrying forward old tax liabilities accruing from penalty and interest.

The initiative is not only improving the ease of doing business but has also improved voluntary compliance in addition to contributing to financial savings for taxpayers. Access to Tax Clearance Certificates (TCCs) also became easier for taxpayers who keyed into the programme.

Chairman House Committee on Finance, Hon. Babangida Ibrahim said the visit was to enable the Committee understand the challenges the FIRS is grappling with, legislate where necessary and support FIRS to generate enough revenue to the national treasury. 

Before the Committee members departed Revenue House to inspect FIRS new Headquarters building, they asked the FIRS Chairman questions on the nature of FIRS collaboration with State Internal Revenue Authorities, staff strength, areas of challenge and FIRS strategy for 2017 among others.

Signed
Wahab Gbadamosi
Head, Communication and Servicom Department​

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FIRS, Efcc To Launch Anti-Tax Fraud Team

FIRS, Efcc To Launch Anti-Tax Fraud Team

The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) are putting a new breath to the fight against tax fraud and evasion in Nigeria as the two agencies will soon launch an anti-tax fraud and evasion team.

This collaboration, according to the FIRS Executive Chairman, Tunde Fowler, will ensure Nigeria’s financial security and independence, which he said are key to national development.

Fowler made this known in Abuja today at the opening of International Conference and Capacity Building Workshop on the Use of Beneficial Ownership Information and The Recovery of Assets in Africa. He beckoned on Nigerians and the international community to collaborate in the fight against “any illegality”.

“Corruption is anything illegal. Whether it is money laundering, tax fraud, tax evasion or other illegalities. We must collaborate to fight them. When you are fighting corruption, you are taking back from the corrupt people, what they erroneously think belongs to them. That is why they resist the fight against corruption”, Fowler said. 

The Acting Chairman of the EFCC, Ibrahim Magu, said that FIRS and EFCC have reached terms on the setting up of an anti-tax fraud team.

“We are setting up anti-tax fraud team to deal with tax fraud and evasion. We have discussed with the Chairman of FIRS and very soon, the team will be set up. We will do everything possible to stop all corrupt people.

“I want everybody to be a part of the fight against corruption. We are all together in this fight. Corruption is what is disturbing this country and like the President, Muhammadu Buhari, said, ‘if we don’t kill corruption, corruption will kill us’”, Magu said.

Magu also said that the EFCC has received complaints about corruption on some Nigerian higher institutions and promised that EFCC in collaboration with relevant agencies will soon beam a searchlight on the higher institutions. 

“We have received complaints from Student Union Governments of some higher institutions, complaining of corruption in the institutions. We will soon beam searchlight on the higher institutions. All we want to achieve is to secure the future of our people”, Magu added.

In his presentation on Beneficial Ownership Of Assets:

The Experience of Nigeria in Confronting Tax Evasion, Corruption and Money Laundering, the FIRS Chief Executive said Nigeria, through FIRS, has been able identify and plug some revenue leakages and also position Nigeria for more revenue generation. 

“Nigeria is committed to working with its treaty partners and other international agencies to ensure increased access and exchange of taxpayer information required for effective tax administration. At the domestic level, the FIRS shall continue to provide a forum for inter-agency collaboration to tackle abusive tax practices, by implementing initiatives to optimise tax revenues.

“The FIRS is collating for tax purposes information on ownership of economic landed property, in collaboration with States Land Registry (starting with the FCT and Lagos State) and leading Estate Agency Firms”, he said.

Fowler noted that FIRS has signed Avoidance of Double Taxation Agreements (ADTAs) with 13 Countries and also signed up to the OECD/EU Mutual Assistance in Tax Matters Convention (MAC) that has over 130 participating countries.

“Nigeria joined Global Forum on Transparency and Exchange of Tax Information (GF) in 2011 and has successfully gone through the Phases 1 and 2 Peer reviews.

“Nigeria has also established a functional Exchange of information (EOI) unit in 2012 to oversee an effective system of exchange of tax information with Nigeria tax treaty partners. Nigeria Joined the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) in 2016 and committed to implement the minimum standards. 

The country, Fowler said, has commenced process to sign the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of financial account information with other Countries”, Fowler added.

He also noted that FIRS has implemented a framework for tax authorities collaboration with other agencies of government to improve access to and exchange of taxpayer information, including information on ownership of assets. 

“Inter-agency collaboration with organisations like Corporate Affairs Commission (CAC), Central Bank of Nigeria (CBN), State Boards of Internal Revenue (SBIR), Nigeria Financial Intelligence Unit (NFIU), Nigerian Immigration Service (NIS), Securities and Exchange Commission (SEC), Joint Admission and Matriculation Board (JAMB), Special Control Unit against Money Laundering (SCUML, has enabled expeditious and confidential access to information on beneficial ownership as and when required for tax purposes”, Fowler added.

Signed
Wahab Gbadamosi
Head, Communications and Servicom Department
Federal Inland Revenue Service​

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FIRS Assures Diasporans Of Tax Laws To Protect Their Investments

FIRS Assures Diasporans Of Tax Laws To Protect Their Investments

The Federal Inland Revenue Service (FIRS) has urged Nigerians living in diaspora to invest at home, assuring them that Nigeria has adequate tax laws to protect their investments in Nigeria. 

The Executive Chairman of the FIRS, Tunde Fowler made this remark yesterday in Abuja when he received the Senior Special Assistant to the President on Foreign Affairs and Diaspora, Mrs. Abike Dabiri-Erewa, who was on a courtesy visit.

Fowler said every Nigerian, irrespective of country of residence, should be concerned about what to do to contribute to the economic recovery of the Nigeria. He said that bringing investments into the country and tax compliance are measures Nigerians should adopt. He also allayed fears of double taxation on investments, explaining that the law gives room for tax holidays and exemptions for new investments.

He said: “We want to inform you that Nigeria has tax laws which protect your investments. We have signed tax treaties with various countries on double taxation and we can assure you that if you are paying your taxes on their companies abroad, you do not have to pay double taxation. 

“When it comes to the issue of taxation, we are willing to guide Nigerians living in diaspora and show them what to do. They are our brothers and sisters and we need them to come and contribute their monies here to develop our country”.

Fowler said that about 99 percent of Nigerians living abroad are tax compliant in the countries where they reside and urged them to also comply with Nigeria’s tax laws when they return to invest in the country. 

“We are in the times when we have to ask ourselves vital questions; what are we going to do for the country? One of them is to invest in the country. There must be increase in investment, increase in spending and increase in tax revenue if we must get out of recession”, Fowler said.

Earlier, Dabiri-Erewa said that some Nigerians living abroad want to invest at home and sought to know if there are laws that could protect them.

She said that Nigeria received $35 billion worth of Foreign Direct Investment (FDI) in 2016 and hopes that with the assurances of adequate tax laws to promote their investment in the country, the figure will increase in 2017.

“President Muhammed Buhari set up this office not too long ago to ensure the welfare of Nigerians living abroad so that Nigerians both at home and abroad can work together to make Nigeria a great country; so that, wherever you are, you can contribute to the development of the country. Nigerians are excelling everywhere they are and they want to know if there are tax incentives for some of them who want to invest in Nigeria especially in the area of Agriculture”, Erewa said.

Signed
Wahab Gbadamosi
H/Communications and Servicom Department​

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FIRS, Nigeria Police Partner To Raise Revenue

FIRS, Nigeria Police Partner To Raise Revenue

The Federal Inland Revenue Service (FIRS) and the Nigeria Police Force (NPF) have agreed to collaborate on tax revenue collection and information dissemination through the Nigeria Police Broadcasting Service (NPBS).

The Executive Chairman of the FIRS, Tunde Fowler, while receiving the Inspector-General of Police, Mohammed Kpotum Idris, noted the blessings of the existing FIRS-NPF relationship and stressed the need for the agencies to explore further areas of collaboration.

Fowler said Nigeria has come to the realisation that taxation is important in the economy of every nation and that no country could do without it especially as the price of crude oil continues to go down across the globe.

“Nigeria has come to the realisation that without taxation, there will be no funding for both the current and future budgets. We have a long-standing relationship with the Nigeria Police Force. Apart from protection, you (the Police) play a vital role during tax enforcement. We believe that, as partners in progress, there are other ways we can partner to generate revenue for the government”, Fowler said.

The IG restated the support of the NPF for FIRS, stating that tax revenue remains the blood of the country. He said that no nation ever succeeded without taxation. 

The Police IG on the other hand said that payment of tax is good for a nation as it compels people to ask questions. Recalling how he paid steep taxes in some countries during his United Nations Mission Programme, Idris noted: “Most developed countries live on taxes and that is why they ask questions to those they pay taxes to. They ask questions on what the state has done with their monies and their governments have to pay attention because tax is a prerequisite before you can do most things”, he said.

The Chief Cop noted that on the part of the Police, the “Nigeria Police is making effort to change the face of policing in Nigeria through introduction of People Oriented Policing strategy”.

The NPF also sought for the support of the FIRS in its communication project—the establishment of the Nigeria Police Broadcasting Service (NPBS).

“Communication is very vital to policing. People need information about the police and what we are doing. Therefore, we are working on the establishment of the Nigeria Police Broadcasting Service (NPBS) and we need your support to realise this project”, Idris said.

A presentation by the Police team shows that round-the-clock information dissemination, emergency numbers and round-the-clock surveillance have reduced crime in Nairobi, Kenya. 

Stressing need for collaborations at all levels, Fowler noted that FIRS has simplified tax collection processes and made payment of taxes convenient through technology by deploying online solutions, namely: e-Registration; e-Stamp Duty; e-tax payment; e-Receipt; e-Filing and e-Tax Clearance Certificate.

“The e-Registration (electronic Registration) enables taxpayers to register with FIRS electronically. To do business with FIRS, one needs to be duly registered. Now, you could get registered and authenticated online by visiting the FIRS website www.firs.gov.ng.Newly incorporated businesses are to go to: www.cac.gov.ng and follow the end to end process which h includes payment of Stamp Duties to complete your incorporation process.

The e-Stamp Duty (electronic Stamp Duty) enables taxpayers to pay their Stamp Duties online. Under the new e-Stamp Duty from the FIRS, stamping could be done from the comfort of your home or office. In the past, it required a physical stamp. The e-tax payment (electronic payment of taxes) allows taxpayers to pay their taxes electronically, from the comfort of their homes and offices using platforms such as e-taxpay, remitta and interswitch”, Fowler said.

The FIRS Chief Executive added that e-Receipt (electronic Receipt) enables taxpayers to receive electronic receipt after payment of taxes while the e-filing (electronic filing) enables taxpayers to file tax returns electronically through the FIRS website (www.firs.gov.ng).

He noted that e-TCC (electronic Tax Clearance Certificate) provides an e-repository of all Tax Clearance Certificates (TCCs) issued by FIRS and enables FIRS Staff and authorised third parties to verify TCCs, thereby reducing the incidence of fraudulent certificates. 

“Basically, what we have provided for Nigerians is convenience to pay their taxes and we know that this will the level of tax compliance. I like to thank the Police Force for giving their maximum support to Nigerian including when it comes to revenue generation across the country”.

“We are your key partners and we will continue to collaborate to provide service to the Nigeria. Of course, our partnership with the Police will continue to grow strong”, Fowler said.

Signed
Wahab Gbadamosi
H/Communications and Servicom Department
Federal Inland Revenue Service​

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FIRS Offers New Tax Regime To Further Compliance

FIRS Offers New Tax Regime To Further Compliance

The Federal Inland Revenue Service (FIRS), has taken a major step to help reduce tax liabilities arising from penalty and interest on taxpayers from 2013 to 2015.

The measure is part of the Service efforts to promote voluntary compliance and shield taxpayers from the burden of carrying forward old tax liabilities as regards to interest and penalty.

FIRS announced in a public notice signed by its Executive Chairman, Mr. Tunde Fowler, that taxpayers in default should come forward to declare their indebtedness within stipulated 45 days while the waiver lasted.

It also required that such defaulted taxpayers must present a payment plan on the outstanding Principal Tax Liability acceptable to the Federal Board of Inland Revenue.

The special window which commenced on October 5, will end on November 24, 2016, and is expected to address accumulated penalty and interest, and not principal tax due.

Fowler, said that the waiver would allow part payment as well as full payment of undisputed tax liabilities which must be paid, while the balance would be paid instalmentally.

He advised taxpayers who have not fulfil their tax obligations to take advantage of the special window to pay a reasonable amount of not less than 25 percent of the principal tax liabilities.

“By this public notice, FIRS invites taxpayers who have not been fulfilling their statutory tax obligations, to take advantage of this special window, failing which all legal means at the disposal of the FIRS will be deployed including criminal prosecution of the Board and Management of the defaulting organisation,” he said.

The Service is relying on the provision of the Companies Income Tax Act CAP C21, LFN 2007 and Federal Inland Revenue Service Establishment Act (FIRSEA) 2007, to offer the special window.

The combined sections stated that: “the FIRS in exercise its powers under Section 85 (3) of the Companies Income Tax Act CAP C21 LFN 2007 (as amended) (and replicated in Section 32 (3) of the Federal Inland Revenue Service Establishment Act (FIRSEA 2007) hereby invites all principal officers, especially Chairmen, Managing Directors, Chief Executive Officers, Executive and Non-Executive Directors, Chief Financial Officers and all company owners or their representatives, to take advantage of the special window to avoid payment of penalty and interest on tax due between 2013 to 2015.”

In a related development, the Service has urged taxpayers to file their Companies Income Tax (CIT), Value Added Tax (VAT) and Withholding Tax (WHT) returns at the FIRS office nearest to their place of business or choice of location.

Taxpayers are advised to apply to the Tax Controller indicating the tax office of their choice and request for the transfer of their file and Taxpayer Identification Number (TIN).

This measure is also expected to ease processes of tax administration, reduce cost for taxpayers and enhance voluntary tax compliance as well as service delivery to the tax paying public.

Signed
Wahab Gbadamosi
Head, Communication and SERVICOM Department

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