The federal government last year generated a total of N5.34 trillion from Company Income Tax (CIT) and Value Added Tax (VAT) in 2022, a 40.5 per cent increase
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Amarachi Orjiude, Abuja
Amarachi Orjiude, Abuja
Published 5 June 2021
The Federal Inland Revenue Service has announced the introduction of a new Tax Administration Solution, TaxPro-Max, which will be the sole channel for filing tax returns from June 7th.
According to the Chairman of the FIRS, Mr Muhammad Nami, who disclosed this in a public notice, the launch of the new platform has made it mandatory for all taxpayers to have a document identification number before they can submit their tax returns.
He also noted that the new solution will optimize the tax payment process, by making it easier and faster.