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FIRS will not impose additional taxes – Adedeji

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FIRS will not impose additional taxes - Adedeji

The Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji, has restated the agency’s commitment to refrain from imposing additional taxes in the country.

A statement released by the Special Adviser on Media to the FIRS Chairman, Dare Adekanbi, reemphasised the president’s directive to streamline tax revenue to a single-digit format, limiting the maximum number of taxations to nine.

Adedeji made this known during a visit to the Revenue House in Abuja on Wednesday, which was led by Guinness Nigeria Plc’s Chief Executive Officer, Adebayo Alli, and his management team.

The President gave a directive that he wants a single-digit tax in the country, meaning that the maximum number of taxes we will have after the work of the Presidential Committee on Fiscal Policy and Tax Reforms will be nine taxes, the chairman said.

He stressed, “We at FIRS have responded to that directive. We want to grow the pie so that even if we take the same percentage of the bigger pie, the result will be huge.

“By God’s grace, we will not introduce additional taxes nor increase any form of tax. We are only determined to increase the pie. We have restructured our operations at FIRS in such a way that we are now effectively carrying out our duty of assessing, collecting, and accounting for taxes. We used to have functional types of taxes, but we have identified that our only customers are the taxpayers.”

Responding, Guinness Nigeria CEO expressed the company’s commitment to continue operating in Nigeria despite economic challenges, assuring FIRS of its continued investment in the country. At the same time, he sought assurances regarding the tax authority’s role in economic recovery.

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