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They should not underestimate the challenges of collapsing all these revenue-collecting institutions into one single channel. Perhaps there can be a pilot of one or two institutions and see how it works so that you don’t just jump into it and create all manner of confusion. What is important is that the budget of these institutions should not be disrupted in terms of funding.” he concluded.

The Presidential Committee on Tax Policy and Fiscal Reforms has revealed that the Nigeria Customs Service and 62 other Ministries, Departments and Agencies (MDAs) of the Federal Government will cease direct revenue collection. Instead, the Federal Inland Revenue Service (FIRS) will take over revenue collection for the MDAs. The Chairman of the Committee, Taiwo Oyedele, |

The Nigerian government has revealed that the Federal Inland Revenue Service (FIRS) will begin the collection of taxes usually collected by 63 agencies, including the Nigeria Customs Service (NCS). Taiwo Oyedele, head of the Presidential Committee on Tax Policy and Fiscal Reforms, disclosed this in an interview with Channels TV on Wednesday. Oyedele said this…

While noting that as many members of the elite evade paying the exact taxes to government, Oyedele said: “As of today, we have significant tax gap estimated in the region of N20 trillion or even more.

The newly formed Presidential tax committed has proposed to streamline revenue collection duties to involve just the Federal Inland Revenue Services (FIRS). | Pulse Nigeria