Ensuring Clarity and Efficiency: FIRS Chairman Reassures Nigerians on Tax Reform Laws
By Henry Umoru
The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, recently addressed concerns about the proposed tax reform laws in Nigeria. He reassured the public that the reforms would not introduce new taxes or raise existing ones, emphasizing a focus on reducing the number of taxes paid.
During an interactive session with Senator Sani Musa, Adedeji highlighted that the reform aimed to tax prosperity rather than poverty, aligning with President Bola Tinubu’s vision. He stressed that the reform would not lead to job losses or agency mergers but rather enhance tax administration efficiency.
Adedeji discussed executive bills forwarded to the National Assembly, including the Nigeria Tax Bill, Tax Administration Act (Amendment) Bill, Revenue Service Bill, and Joint Revenue Board (Establishment) Bill. These bills aim to modernize tax laws, increase efficiency, promote transparency, and align with international standards.
Senator Musa commended FIRS for its revenue targets and highlighted the importance of constructive input on tax reforms. Other committee members also praised the agency’s increased revenue generation in non-oil sectors. The session shed light on the government’s commitment to enhancing tax laws for better governance.
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