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FIRS To Partner Niger Republic On Tax Mobilization - Politics - Nairaland

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FIRS To Partner Niger Republic On Tax Mobilization by bestofnollywood: 12:38am On Mar 24, 2022
The revenue mobilization of Nigeria and Niger Republic can be improved if the revenue authorities of both countries work together to deepen their relationship, share tax information and engage in mutual administrative assistance, Muhammad Nami, Executive Chairman of the Federal Inland Revenue Service (FIRS) has stated.

Mr. Nami stated this while receiving his Niger Republic counterpart, the Director General of the Niger Tax Authority, Mallam Ousmane Mahamane and his delegation at the Headquarters of the FIRS, during a cooperation visit to the Service yesterday.

Recognizing the long-standing relationship and shared culture and languages of the two countries, Muhammad Nami noted that it was important for the FIRS to work with the Niger Tax Authority given the “presence of high-net-worth Nigerian individuals and companies trading in Niger with significant tax implications, which is of great interest to the FIRS.”

The FIRS Executive Chairman also highlighted the working relationship enjoyed by the Service and the Niger Tax Authority in the past particularly on the community rule on double taxation and transfer pricing.

He stated that there was the need for further cooperation in the areas of sharing of tax information and mutual administrative assistance, especially in the face of increase in trans-border tax within the context of ECOWAS and AFCFTA.

Muhammad Nami used the occasion to share with his Niger Republic counterpart some of the success stories achieved by the FIRS and the contributors responsible for these milestones.

“We have focused on non-oil tax collection and indirect taxes, particularly VAT as well as on the deployment of technology for the automation of FIRS’ processes and procedures for effective tax administration and greater revenue yield, including e-stamping, e-registration, e-filing, e-payment, e-receipt, e-Tax Clearance Certificates, automation of Stamp Duty and VAT, the deployment of VATrac—an automated VAT filing and collection system in the wholesale and retail sectors—and the deployment of a home-grown, integrated tax administration system, the TaxPro Max.

“One of the contributing factors to our improved revenue is the taxation of the digital economy through the implementation of relevant policies, legislations and administrative processes for the collection of taxes (both income taxes and VAT) from the digital economy. This ensures that Nigeria is able to collect taxes on non-resident companies that derive income from the Nigerian market, without physical presence. This further ensures tax equity for local businesses.” He stated.

The Executive Chairman FIRS also stated that “the Service has evolved into a data centric organization, leveraging on data in revenue forecasting, planning, tax policy formulation and driving compliance and enforcement.”

He also added that one of the contributors to the FIRS successes was the exchange of information it had with other tax authorities, both internally and in other countries as well as the FIRS being a customer focused institution that has put measures in place to make voluntary compliance easier than ever for taxpayers...

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https://applesbite.com/nami-talks-collaboration-to-improve-revenue-mobilization-between-firs-and-niger-tax-authority/

Re: FIRS To Partner Niger Republic On Tax Mobilization by dawnomike(m): 12:43am On Mar 24, 2022
Naija likes Niger Republic no be small
Re: FIRS To Partner Niger Republic On Tax Mobilization by godofuck231: 1:19am On Mar 24, 2022
dawnomike:
Naija likes Niger Republic no be small
bubu you mean

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Re: FIRS To Partner Niger Republic On Tax Mobilization by Praxis758: 1:22am On Mar 24, 2022
One of the effects of quota system, religion and tribal bond the core north shares with their Nigerien brothers.

I won't be surprised if Buhari appoints a Nigerien into his cabinet before leaving office.

The way he voted against Dr Peter Onu in the defunct OAU comes to mind.

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Re: FIRS To Partner Niger Republic On Tax Mobilization by Naijanascam: 1:27am On Mar 24, 2022
Second Home
Re: FIRS To Partner Niger Republic On Tax Mobilization by Ebubu: 1:47am On Mar 24, 2022
We are literally channeling every sector to benefit Niger Republic more than our SE brethren.


Me thinks Niger Republic should be annexed as our 6th region and South East should be let out of the Federation.

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Re: FIRS To Partner Niger Republic On Tax Mobilization by princemillla(m): 2:08am On Mar 24, 2022
The affiliation between niger n Nigeria is becoming excessive. More like buhari is doing everything humanly possible to prove a point
Re: FIRS To Partner Niger Republic On Tax Mobilization by omowolewa: 2:11am On Mar 24, 2022
Why not merge Niger with NIgeria for proper administration

I hereby move the motion to recognize Niger Republic as a part of Nigeria

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