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Tinubu Directs Implementation Of Single-Digit Tax Regime In Nigeria

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8 months ago

Mar 27, 2024.

Eko Hot Blog reports that the chairman of the Federal Inland Revenue (FIRS), Zacch Adedeji has said President Bola Tinubu has given a directive for a single-digit tax system in Nigeria.

Adedeji spoke on Wednesday when Adebayo Alli, chief executive officer (CEO) of Guinness Nigeria, led a management team of the firm on a visit to the revenue house in Abuja.

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In a statement, Adedeji described the directive as a strategic plan that is being religiously followed to lead the country out of the current economic challenges.

File Image of FIRS Chairman, Zach Adedeji

“The president gave a directive that he wants a single digit tax in the country, meaning that the maximum number of taxes we will have after the work of the presidential committee on fiscal policy and tax reforms will be nine taxes,” the chairman said.

“For us at FIRS, we have responded to that directive. We want to grow the pie such that even if we are taking the same percentage of the bigger pie, the result will be huge.

“By God’s grace, we will not introduce additional taxes nor increase any form of taxes. We are only determined to increase the pie.

“We have restructured our operations at FIRS in such a way that we are now effectively carrying out our duty of assessing, collecting and accounting for taxes.

We used to have functional types of taxes, but we have identified that the only customers we have are the taxpayers.

“We have improved the way we relate with our customers by rearranging our operations based on our customers, using their turnover as the basis to categorise them into large, medium and small.

File Image of Chairman of Federal Inland Revenue Service, Zach Adedeji addressing the press

“We did this to actually develop expertise in what we do. Secondly, to provide you with a one-stop shop for your activities.

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“If you are in a large tax group, you only need to go to one office to pay all forms of taxes, including audit and other activities. You don’t need to move from one office to another again.

“We are here to serve you. You taxpayers are not armed robbers or criminals that we will be chasing about. FIRS is also not a law enforcement organisation. We are partners in progress.

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