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NRS’ ll Continue To Build Tax System That Supports Enterprises, Develop Economy

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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The Nigeria Revenue Service (NRS) will continue to improve taxpayer education, deploy digital solutions and engage directly with taxpayers to build a tax system that supports enterprises and develops Nigeria’s economy.

The Executive Chairman of the NRS, Dr Zacch Adedeji, stated this on Thursday in Kano, at a Town Hall meeting.

The News Agency of Nigeria (NAN) reports that the theme of the town hall meeting is: “Tax Reform, Rev360 and E-Invoicing: Shaping the future of Compliance for Medium and Emerging Taxpayers”.

According to him, the NRS will continue to improve taxpayer education, simplify processes, deploy useful digital solutions and engage directly with taxpayers.

“Our job is to collect the revenue due under the law, but we must also make it as clear and convenient as possible for taxpayers to meet their obligations.”

Represented by the Group Director, Government Business, Mr Wande Akinpelu, the Chairman said that Nigeria’s tax system was intended to change the way tax administration works in practice.

“How taxpayers register, file, pay, obtain support and resolve issues with the Service.

“The direction is straightforward. We want a system that is simpler to understand, easier to comply with, more transparent in its operation and more predictable for businesses,” he said

That, he said, cannot be achieved by enforcement alone, hence the need for effective administration that also requires trust, good service and a willingness to listen.

“We want to know where the difficulties are. We want to understand what needs clarification and what can be improved.

“The practical experience of taxpayers must inform the way these reforms are implemented,” he said.

He said that good policy can only achieve its purpose when the people expected to comply with it understand it and can work with it.

“That is why your participation today matters. Your questions and your experience will help us implement these reforms better.

“Rev360 is intended to bring key taxpayer services together so that registration, filing, payment and interaction with the Service become more straightforward and accessible.”

According to him, E-Invoicing is also designed to improve the quality and accuracy of transaction information, reduce avoidable disputes and support a more efficient tax administration.

The Group Director, Emerging Taxpayers Group, Mr Olufemi Oyebanji, said that they wanted to hear from the taxpayers some of their challenges and concerns with a view to address them.

He said, with the town hall meeting, the NRS expected to have an increase in the revenue for the government.

One of the taxpayers, Mr Suleiman Abdullahi from Gerawa Rice Mills, Kano, said that the forum would address some of their challenges in the payment of tax to the government.

He also urged all the taxpayers to continue to settle their taxes due to the government to enable it execute development projects and improve the living condition of the citizens.



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