Simplify Tax Laws, FIRS Urges Assemblies


The chairman of Fed
eral Inland Revenue service (FIRS), Mr Samuel Sunday Ogungbesan, has stated the need for the House of Assembly to simplify tax laws.
This, he said, would help the service that is relying on technology to do tax business and also increase the level of compliance from the masses.
The FIRS boss, who made this known in an interview with newsmen last Friday, said that the service will be a very strong force to reckon with in eight years time.
He noted that if the masses pay their taxes as at when due it would be easy for the nation to build a strong economy, adding that FIRS has a unique identifier.
Ogungbesan stated that the service has addressed the deficit in the 2015 budget, adding that revenue collection was underestimated in 2014.
He noted that there were lapses in the system before now which resulted in bringing together Ministry of Finance and that of Commerce and Industry, adding that this has saved a lot of cost. FIRS boss also said that FIRS borrowed the method of tax waiver from South Africa which has been very helpful in tax administration, adding that at the state level “the service is focusing on registration”.
He called on individuals, companies and states to ensure strict compliance to better the economy of the country.