President Muhammadu Buhari has mandated Ministries, Departments and Agencies (MDAs) of government as well as business enterprises to grant access to the Federal Inland Revenue Service (FIRS) to access their systems for the purpose of tax collection nationwide.
President Buhari issued the mandate on Thursday while delivering his address as the Special Guest of Honour at the first annual National Tax Dialogue organised by the FIRS at the old Banquet Hall, Aso Rock Villa Abuja. The theme of the dialogue was “Taxation in a post-Covid Economy”.
The President also mandated the FIRS to speedily put all measures in place to fully implement programmes to stamp out Base Erosion and Profit Shifting in all of its ramifications and generally automate its tax processes.”
In addition, President Buhari urged the FIRS to fast-track its digitalisation of the tax collection process. The President said: “I have directed all government agencies and business enterprises to grant FIRS access to their systems for seamless connection.
We all are now living in a fast digitalising world. As such, business transactions are continually being migrated from brick and mortar locations to digital places or spaces.