Mr Tunde Fowler, Executive Chairman, Federal Inland Revenue Service, on Thursday said that the agency would soon commence the audit of taxpayers across the country.
Fowler stated this in Lagos while delivering a keynote address at a stakeholders meeting on “Tax Administration and National Revenue’’.
The News Agency of Nigeria reports that the stakeholders’ meeting was aimed at charting the way forward in the country’s tax administration and the challenges hindering a robust tax regime.
Fowler said that the nationwide audit would ensure increased tax revenue collection, improved service delivery to taxpayers and enhanced voluntary compliance.
He called on stakeholders to support efforts at repositioning the nation’s tax administration system.
Fowler, who is also the Chairman of the Joint Tax Board, said that the board was determined to improve services to taxpayers at all levels.
According to him, a consolidated Taxpayer Identification Number database was already in place under the JTB.
The FIRS chief said that all tax laws that were not in the interest of the taxpayers were already undergoing a review process.
He added that taxpayers and stakeholders should support tax authorities in the interest of national development.
“The greatest challenge for any tax administration is achieving and maintaining a high degree of self-assessment and voluntary compliance by taxpayers.
“Studies, however, show that the extent to which an economy is able to grow sustainably and develop depends to a large extent on its ability to generate tax revenue to finance its expenditure and the efficiency of its tax system.
“The questions that arise from these simple statements include how to identify areas of non-compliance; how to measure the level of non-compliance; and how to address non-compliance,’’ Fowler said.
The tax expert explained that FIRS had put in place various strategies to curtail non-compliance to improve tax revenue collection on a sustainable basis.
“Well-designed taxpayer services, education programmes, and creative measures can facilitate self-assessment and compliance,’’ Fowler said.