There is a new buzz around the National Identification Number, NIN. This time, it is not to announce the registration deadline or to threaten disconnection from telecommunication services but to drive home the need for effective inter-agency synergy of databases.
At the forefront of this advocacy for database synergy is the Federal Inland Revenue Service, FIRS with the recent arrangements to adopt the National Identification Number database to ramp up registration of taxpayers, data collection, and profiling in the country.
This arrangement will work as a collaboration between the FIRS and the National Identity Management Commission, NIMC to ensure all eligible taxable persons in the country are compelled to declare and pay their taxes honestly and promptly.
As a warm-up to this arrangement, the FIRS has noted that a lot of people were making monies privately without remitting appropriate taxes. This had prompted the introduction of new technologies into the tax administration to curb the challenges faced in the country.
Taxmobile.online gathered from a recent statement of the FIRS Chairman, Muhammed Nami yesterday, Thursday 25th March 2021 at the 147th meeting of the Joint Tax Board (JTB) tagged Strategic Initiative for Sustainable Revenue Generation: Prospects, Challenges, and Next Steps that this move became necessary to help minimise revenue leakages, limit tax evasion, and significantly improve the fiscal position of state governments amid the current economic challenges.
Further plans to curb excesses
Nami, who doubles as the chairman of JTB, said the FIRS would adopt electronic taxation (e-Tax) to help minimise revenue leakages, limit tax evasion, and significantly improve the fiscal position of state governments amid the current economic challenges.
The FIRS boss said it was important for federal and state revenue generating agencies to adopt new technologies to deliver on their core mandate.
Governor’s Nasir El-Ruf’s take
With the dwindling crude oil prices in the international market in mind, Kaduna State Governor, Nasir El-Rufai, urged the federal and state revenue generation agencies to come up with a new reform of modifying the consumer tax whereby people would pay a fair share of what they consume.
The governor stated that the ability of the Federal and states governments to embark on aggressive revenue generation, through sustainable income and consumption taxes, would be of great advantage to the country.
The governor expresses his belief that the future of the country no longer lies in revenue from oil.