The President, West Africa Union of Tax Institutes, Mr Kunle Quadri, says the self-assessment practice has enhanced efficiency in the Nigeria tax system.

Quadri told newsmen in Lagos on Saturday that the self-assessment practice had enabled the taxpayers to access and remit their taxes to government’s designated banks.

He said that the practice had improved the nation’s revenue generation base.

“The self-assessment practice enables taxpayer to calculate his or her tax liability and remit same into the government coffers through designated banks.

“The taxpayer collects e-ticket upon payment, files self-assessment returns and forwards it to the tax authority for onward processing.

“The tax authority is empowered by law to issue administrative assessment on the taxpayer for failing to file the tax returns at the exact date,” he said.

Quadri said that the self-assessment practice had brought the needed workflow in tax administration in the country.

According to him, the nation’s tax system has improved significantly in recent time owing to better policy formulation.

“It has the potential to grow the nation’s economy if government shows commitment.’’

He added that tax system could do better if Nigeria decided to adopt the indirect tax system as against the current direct tax practices.

Report says that the concept of self-assessment practice was first introduced in the Nigeria tax laws in 1991 and became effective in 2011.