-by our correspondent.
President Muhammadu Buhari has ordered the Federal Inland Revenue Service (FIRS) and other revenue generating agencies to immediately automate their operating systems to forestall further loss of government revenue.
The president who gave the directive at a virtual tax forum organized in Abuja, also asked the revenue generating agency to ensure that both local and foreign companies operating in the country are given equal treatment as regards payment of taxes without exemption.
“It is not enough that our citizens and local businesses pay their fair share of taxes, equally, foreign businesses must also not be allowed to continue to exploit our markets and economy without paying appropriate taxes. Accordingly, the FIRS has my mandate to speedily put all measures in place to fully implement programmes to stamp out Base Erosion and Profit Shifting in all their ramifications and generally automate its tax processes,” the president said.
President Muhammadu Buhari
President Buhari also mandated other government agencies to computerize their operations and share data to advance the interest of the nation in revenue generation.
“In line with this, I have directed all government agencies and business enterprises to grant FIRS access to their systems for seamless connection. FIRS must ensure that its deployment of technology for automation is done in line with international best practices. In particular, FIRS can borrow a leaf from other countries which have successfully automated their tax processes.’’