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FEDERAL INLAND REVENUE SAYS TAX BILL IS NOT A THREAT TO REVENUE COLLECTION

Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations.

Speaking at the Revenue House in Abuja during a meeting with the heads of the National Agency for Science and Engineering Infrastructure, the National Information Technology Development Agency, and the Tertiary Education Trust Fund, Adedeji described the concerns as misplaced.

He explained that the proposed renaming of the FIRS to the Nigeria Revenue Service would not result in the takeover of other federal agencies, contrary to widespread speculation.

Instead, he assured, the reforms aim to streamline the nation’s fiscal framework and improve operational efficiency.

 He however noted that The Federal Government is repositioning its fiscal outlook to be able to meet the funding requirements of all agencies. The main objective is to enhance tax efficiency, ease compliance

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