PricewaterhouseCoopers (PwC) Nigeria has announced the launch of a tax mobile application, a revolutionary tool that allows business leaders, investors, regulators and citizens, easy access to all relevant tax and related laws.
The app will enable investors and businesses keep abreast of developments in the economy especially as it relates to their tax obligations, government policies and the implications on their lives and businesses.
Commenting on the development, Partner and Head of Tax and Regulatory Services, PwC Nigeria, Taiwo Oyedele, said: “Technology simplifies all that we do today, and tax is no exception. As a technology focused organisation we are always seeking for ways to simplify the process of finding tax and related information for our clients. Our Tax247 app addresses this need. We realise that often times, people remain ignorant of tax laws because of the cumbersome nature of digging through books for sections and phrases, but it need not be in this digital age. We have therefore digitised a tremendous amount of tax and business related laws and placed it literally in the palm of your hands, and we will keep that collection updated.”
This application, which is free to download on the Google play store with an iOS version to follow soon, contains over 45 relevant laws, numerous circulars including the national tax policy, case laws, daily tax and related news updates, PwC’s tax alerts and lots more.
Tax Technology and Innovation Lead at PwC Nigeria, Victor Olorunfemi, said: “One of the unique features of this application is that it is searchable and shows you contents related to the law you are currently reading. It makes reading laws and checking references very convenient. In addition, Tax247 allows you to bookmark sections and subsections for quick future access and to also highlight important parts of a law you’re reading for quick future access. What is more, all of this content is constantly updated by PwC’s tax research and insight team.”
Upon download, the free version of the app, gives users premium contents and is upgradable to unlock richer content and features. Interested organisations and individuals who wish to acquire a large number of premium licenses can contact PwC to discuss available discounts.
“This app is a novel addition to the Nigeria business environment and couldn’t have come at a more auspicious time than now when taxation is on the front burner of public discourse. With governments at all levels looking more to taxes to augment declining revenue, businesses as well as individuals need to become more aware of their obligations in order not to fall short of it. We believe this product will greatly increase tax literacy and compliance in Nigeria,” Oyedele added.