Dr Zacch Adedeji | File Image
Adedeji: By embracing reform, leveraging technology, and ensuring transparency, we can develop a tax system that supports sustainable growth and equitable development
By Valentine Amanze
Nigeria’s Federal Inland Revenue Service (FIRS) is set to float FIRS e-Invoice, a digital solution for managing invoices in line with the Tax Administration and Enforcement Act 2007.
The FIRS e-Invoice is part of its innitiatives to facilitate revenue collection and boost the nation’s economy.
The Executive Chairman, FIRS, Dr Zacch Adedeji, disclosed this at the private sector stakeholders’ parley in Lagos on September 18, titled, “Emerging Tax Matters”.
Representated by Mrs. Oti Olaniyi– the Acting Director, Medium Taxpayers Department – South, at the event organized by the Lagos Chamber of Commerce and Industry (LCCI), Adedeji assured that the FIRS would continue to innovate to enhance the nation’s tax system.
Also read: Nigeria needs law to overhaul revenue collection, regulate cryptocurrency landscape –FIRS
Adedeji further explained that the FIRS e-Invoice was part of the FIRS’s Digital Transformation Strategy that would facilitate real-time transaction validation and storage, benefiting Business-to-Business, Business-to-Consumer, and Business-to-Government transactions.
He pointed out that the emerging tax matters in Nigeria presented both challenges and opportunities.
“By embracing reform, leveraging technology, and ensuring transparency, we can develop a tax system that supports sustainable growth and equitable development.
“Our collective efforts will pave the way for a more prosperous and resilient Nigeria,” he said.
Adedeji also appealed to journalists and other stakeholders to support FIRS’ initiatives with constructive feedback and collaboration.
“By doing so, we can all build a stronger, more resilient economy that benefits everyone,” Adedeji said.
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