FIRS Rakes In N650bn As June Revenue
- Says historic tax haul euphoric
The Federal Inland Revenue Service (FIRS) is basking in excitement of raking in over N650 billion in June 2021.
This is the highest revenue realized in a single month by the Service following the COVID-19 pandemic and the assumption of office by the current management.
Executive Chairman of the Service, Mr Muhammad Nami, said; “this feat was achieved as a result of the efficiency and effectiveness of the TaxProMax Solution, notwithstanding the challenges and resistance faced in the early stages of its adoption, and the downturn orchestrated by slow economic recovery”.
In a statement made available to the media in Abuja on Wednesday, Nami praised the recently introduced Tax Administration Solution (TaxProMax) for easing tax compliance by stakeholders, describing it as part of FIRS’ conscious efforts at modernizing tax administration in the country,
He had noted that the Solution “enables seamless registration, filing, payment of taxes and automatic credit of withholding tax as well as other credits to the Taxpayer’s accounts, among other features.”
According to to the FIRS boss; “it also provides a single-view to Taxpayers for all transactions with the Service”
The TaxProMax platform, which took off on 7th June 2021, is a channel for filing Naira-denominated tax returns in the country and is accessible at www.taxpromax.firs.gov.ng.
The FIRS boss however reminded taxpayers of the one-off one-month extension granted earlier this month for the filing of Company Income Tax returns by taxpayers with December 31, 2020 accounting year-end whose statutory tax returns were due not later than 30th June 2021.
He urged them to take advantage of the extension as it “provides an opportunity to all taxpayers whose company Income Tax returns were due in June 2021 to file up to the 31st July 2021”
