The Federal Inland Revenue Service (FIRS) has directed banks to immediately close all tax and levy collection accounts not authorized under the TaxPro Max system.
The directive is part of the FIRS’s efforts to boost efficiency and transparency in tax collection, as well as ensure uniformity and seamless reconciliation of tax payments.
The TaxPro Max is a homegrown tax administration platform that facilitates tax-related activities, including registration, filing, payment, and issuance of tax clearance certificates.
According to the FIRS, all tax and levy collections on its behalf must be processed exclusively pursuant to an assessment raised on the TaxPro Max platform.
The FIRS has directed all banks participating in the FIRS Collection, Remittance, and Reconciliation Scheme to comply with the directive within the stipulated period.
The FIRS counts on the cooperation of banks to ensure a smooth transition to the centralized system, which will contribute to a more transparent and efficient tax collection process.
The FIRS has urged taxpayers and other stakeholders to reach out to the Revenue Accounting and Refund Department (RAAD) for any clarifications or support regarding the directive.
This move is aimed at ensuring that taxpayers have access to assistance and guidance as they transition to the new system.
The FIRS’s directive is part of its ongoing efforts to improve tax collection and administration in Nigeria.
By centralizing tax collection and ensuring that all payments are processed through the TaxPro Max platform, the FIRS aims to reduce leakages and increase transparency in tax collection.
The FIRS’s move is expected to promote transparency and efficiency in tax collection, making it easier for taxpayers to comply with tax laws and regulations.
The centralized system will also enable the FIRS to track tax payments more effectively, reducing the risk of tax evasion and other forms of tax-related crimes.
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