FIRS registers 700,000 fresh taxpayers

Babatunde Fowler, the executive chairman of the Federal Inland Revenue Service (FIRS).

The Federal Inland Revenue Service said it had registered about 700,000 new corporate taxpayers in the last one year in a bid to widen the tax net and boost government revenue.

The agency also said it had commenced a voluntary compliance initiative aimed at assisting taxpayers to file tax returns as and when due, calculate their income, expenditure and tax liabilities, with a view to remitting the same to the FIRS.

The Executive Chairman, FIRS, Mr. Tunde Fowler, stated these at the African Tax Administration Forum and International Monetary Fund seminar in Cape Town, South Africa.

A statement by the Head, Communications and Servicom Department, FIRS, Mr. Wahab Gbadamosi, stated that Fowler urged African leaders to grant autonomy to their tax agencies to enable them to function optimally.

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