The Federal Inland Revenue Service (FIRS) has said its focus
is on how to improve structures by automating core functions that support tax
revenue collection in the country, reports DigitalSENSE Business News.
Acting Executive Chairman, Federal Inland Revenue Service,
Mr. Sunday S. Ogungbesan made this known to DigitalSENSE Business News at a
media roundtable in Lagos.
He also said that FIRS is focused on improving structures,
strengthening processes in this regard, just as the agency has over the years
implemented various initiatives to ensure taxation replaces oil as major
revenue source for government.
Current management of FIRS, Ogungbesan said is also requires
support of government at all levels and partner all stakeholders to enable the
agency drive the reforms that will provide needed revenue to government from
taxation
Equally, Ogungbesan highlighted the fact that FIRS mandate
emanated from its Establishment Act of 2007 with the broad mandate to assess,
collect and account for all taxes accruable to the Federation.
FIRS, he said, has a group structure for efficient
management of its activities and
currently has five groups, namely domestic taxes, compliance, enforcement,
support services and modernization groups respectively.
Ogungbesan pointed out that FIRS mandate is implemented on a
tripod of tax policy, legislation and administration.
“The successful interaction of the three is essential to the
success of the FIRS and effective administration of its mandate, which is to
meet and surpass Government tax revenue targets,” he said.
On reform, Mr. Ogungbesan told DigitalSENSE Business News
that FIRS is implementing various initiatives aimed at mitigating the drop in
government revenue occasioned by fall in global oil prices.
These initiatives, he said, are structured along the broad
areas of automation, process improvement and capacity building.
+Remmy Nweke (ITRealms)
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