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|We’ve Increased Tax Revenue By Over N700bn – Fowler by omowolewa: 6:06am On Mar 22, 2018|
Through the deployment of Information and Communications Technology , the Federal Inland Revenue Service has been able to raise tax revenue by over N700 bn in the last two years .
The Executive Chairman , FIRS , Mr . Babatunde Fowler , said this in Abuja on Thursday at the opening session of the 13 th General Assembly of the West African Tax Administration Forum .
Fowler said through the deployment of the ICT equipment , the agency had been able to fast - track tax payment compliance .
He noted that the use of Information Technology had enabled the FIRS to simplify tax administration as four million fresh taxpayers had been added to the tax database between 2016 and 2017 .
Fowler said , “ In Nigeria , we have in the past two years taken the route of increasing the use of the ICT in facilitating taxpayers ’ compliance and introduced initiatives to improve inter - agency collaboration , all with a 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 four million taxpayers and an increase of over N700 bn in tax revenues in 2017 , above the taxes collected in 2016 . ”
He called on other countries in the sub - region that made up the WATAF to embrace the use of the ICT tools in their tax administration processes .
This , he noted , would help to check the issue of tax evasion and abuse of the tax administration processes .
The FIRS boss added , “ It is pertinent that tax administrators in West Africa re - strategise if they are to live up to their mandate . One of the viable means is by implementing initiatives to tackle tax abuses .
“ While the dynamics of tax administration might vary amongst countries within the West Africa sub -region , the challenges of tax evasion and avoidance schemes are similar . ”
|Re: We’ve Increased Tax Revenue By Over N700bn – Fowler by traeces(m): 6:13am On Mar 22, 2018|
And I ask, to what end?
Will it not go into paying lawmakers 13.5 million to run their offices, funding medical trips of politicians and their families for treatments abroad, paying Boko Haram and such others with no direct benefit to the common man?
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|Re: We’ve Increased Tax Revenue By Over N700bn – Fowler by jfking2005(m): 6:33am On Mar 22, 2018|
It is just for your information and electioneering purpose only. Don’t worry too much.
|Re: We’ve Increased Tax Revenue By Over N700bn – Fowler by Esseite: 6:37am On Mar 22, 2018|
Has the standard of living of the masses whom contributed to the increase made remarkable difference?
Where are the monies going to?
|Re: We’ve Increased Tax Revenue By Over N700bn – Fowler by ivandragon: 6:39am On Mar 22, 2018|
most of these funds go to the foreign reserves because pmb needs to use that to campaign for 2019 & not because he knows or understands the concept behind a foreign reserve.
pmb does not care that most Nigerians are barely surviving...
he does not care that millions of jobs are lost...
he does not care that cost of living is now well out of the reach of the average worker...
in fact, he believes that the more people suffer, the better for the country.
he believes in the severe restriction of opportunities to wealth which is why he tells everyone not affiliated to his thieving cabal to go to farm.
same farms where they will be butchered by BH herdsmen.
he has some been ingrained with that feudal mentality that he wants to turn Nigeria into what he is used to seeing daily up north... a mass of poverty stricken farmers who take their lot as 'God's will' & see any rich man as their 'daily bread'.
|Re: We’ve Increased Tax Revenue By Over N700bn – Fowler by Homeboiy: 6:46am On Mar 22, 2018|
OK that's good
|Re: We’ve Increased Tax Revenue By Over N700bn – Fowler by omowolewa: 1:36am On May 09, 2018|
Learned collection cost also reduced, good one
|Re: We’ve Increased Tax Revenue By Over N700bn – Fowler by Debazent1: 4:10am On May 09, 2018|
Hmmm,to what end
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