OrderPaperToday – President of the Senate, Ahmad Lawan, has urged the Federal Inland Revenue Service(FIRS) to consider widening the tax net.
This, he noted, will reduce burden on businesses and Nigerians alongside bringing in more people who are supposed to pay taxes but are not captured in the tax net.
Lawan stated this on Tuesday while speaking as a guest speaker at the inauguration of the inter-ministerial committee on the audit and recovery of back years stamp duties and FIRS’ formal launching of adhesive stamp for stamp duties collection in Nigeria.
In a statement released by his Special Adviser on Media and Publicity, Ola Awoniyi, Lawan said: “We should rather expand the tax net. Let’s not over burden our businesses or our citizens.
“Let’s expand the tax net and ensure that we have in the net many more Nigerians who are supposed to pay taxes, and you have our support at all times.”
He further informed that the red chamber is aware of the various challenges against the efforts of the FIRS to rejig tax administration in the country especially the global challenge posed by the COVID-19 pandemic.
He assured that the agency will receive the much needed legislative support.
“Indeed, this is an indication that agencies of government, if given the necessary all round support and collaboration, will be able to deliver excellent results.
“We will continue to acknowledge, encourage and support the initiatives and efforts of revenue generating agencies of government to improve their revenue collection, especially in these trying times.
“The Senate and the National Assembly will continue to provide the necessary legislative backings and oversight functions that will help maximise the revenue of government and ensure that government is better positioned to deliver on its mandate,” Lawan added.