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FIRS Realises N1.5trn in First Quarter

07 Jun 2013

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FIRS


James Emejo 
in  Abuja


The Federal Inland Revenue Service (FIRS) has collected for the federation about N1.5 trillion from tax collections as at the end of April.
Emboldened by the performance, it also announced a new revenue target of N6 trillion by December from the N5.72 trillion it hoped to generate by September.

The agency also thursday warned the public to be wary of fraudulent elements in the society who might be extorting money from unsuspecting Nigerians in order to offer them employment in the service, as it is not recruiting for now.
  However, the revenue agency said its optimism on increased tax revenue was hinged on the impressive outcomes of its modernisation and automation projects, particularly, the Integrated Tax Administration System (ITAS).

Speaking at  its Regional Enlarged Management Meeting (REMM) in Lagos, acting FIRS Chairman,   Alhaji Kabiru Mashi, said beginning from August, the agency would commence the implementation of various components of the ITAS project, which it has been working on.
When completed, the ITAS project will enhance online real-time payment of taxes and automatic receipt of tax clearance certificates and real time generation of Withholding Tax Credit Notes.

ITAs is also expected to automate the raising and posting of assessments, filing of withholding tax credit/receipts, collation of arrears, risk analysis, production of  reports and automated generation of demand letters to taxpayers.
According to Mashi, the project would also eliminate paper file movement in the organisation and replace it with electronic systems.
This, he said, would ease hiccups in procurement and payment system in organisations.

Mashi, in a statement by Director, Communications and Liaison  Department, FIRS, Mr. Emmanuel Obeta, refuted the rumour that the agency had announced any job placement.
He said: “At the moment, FIRS is not recruiting new staff.  FIRS had a tradition of advertising widely  its recruitment appeals and we will  do that when it is prepared to have another batch of recruitment."

Tags: News, Nigeria, Featured, FIRS, Quarter

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