The Federal Inland Revenue Service, FIRS has said the total taxpayers in the country will soon hit 45 million.
This disclosure was made by the Head, Communications and SERVICOM Department, Mr. Wahab Gbadamosi, in Abuja on Monday, citing the statements of the Executive Secretary of the Joint Tax Board, JTB, Mr. Oseni Elamah, during the presentation of the new taxpayer Identification Number (TIN) system report.
Elamah, while presenting the report to the Executive Chairman of the Federal Inland Revenue Service, Babatunde Fowler, who is also the Chairman of the Joint Tax Board, said that “as at December, 2018, Nigeria’s tax payers’ database expanded from 20 million to 35 million.”
He hinted that the ongoing integration of database would give the country a total of 45 million individual and corporate taxpayers.
“JTB has completed the building of a new TIN Registration System which is an integration of TIN numbers of various organizations in Nigeria. The growth of the taxpayers’ database is a major flank of the goals of the JTB in collaboration with the apex tax authority, the FIRS.” Elamah said.
Firs Expresses Readiness To Promote Transparency And Convenience In Tax Administration.
Babatunde Fowler, who expressed happiness while receiving the report, said the system would further promote the canons of transparency, efficiency and convenience in tax administration in the country.
“I congratulate the JTB for completing the new TIN Registration System in record time. We now have a secured database for all taxpayers in Nigeria.” Fowler said.
Fowler further stated that “If you (a taxpayer) want to check your tax status, whenever you go to any other country or visit another state in Nigeria, what this means is that they can check your tax status by the touch of a button. We want to guarantee all taxpayers our readiness to serve them more with technology, convenience and accountability.”
The Benefits Of The New TIN Registration System
Elamah said that State Revenue Authorities are believed to enjoy massive benefits from the new TIN System. Among the benefits is the Taxpayer’s Information Accessibility and Accuracy. The registration and recording of taxpayers’ information is one of the central functions of tax administration and to a great extent, this will drive how other core administrative roles operate.
Oseni Elamah On The Tax Identification Number Registration System.
Elamah further described the TIN system as a web-based solution with centralised management of all the various functions of the TIN registration system offering, and is therefore, accessible to authorised users for reviews and authorizations of registration requests, TIN certificate issuance and integration with relevant stakeholders.
“It makes possible integration and exchange of data with sister state Boards of Internal Revenue, FIRS and other third party organisations through the web.” He said.