In a move aimed at enhancing the ease of doing business and aligning with a customer-centric approach, the Federal Inland Revenue Service (FIRS) has rolled out a self-registration module on its Tax-Pro Max platform. The development was disclosed through a public notice signed by FIRS Executive Chairman, Zacch Adedeji.
Businesses across Nigeria are urged to capitalize on this newly introduced feature, which empowers newly registered entities to complete their registration with FIRS independently. This groundbreaking initiative allows taxpayers to seamlessly register with FIRS from the comfort of their offices or homes, significantly reducing time and resource expenses.
The public notice underscores that newly registered corporate entities, which have been automatically assigned a Tax Identification Number (TIN) during their registration with the Corporate Affairs Commission (CAC), can proceed to finalize their registration with FIRS on the Tax-Pro Max platform. The intuitive system guides users through the registration process with prompt instructions, ensuring a smooth experience.
This innovative step is poised to establish an efficient and transparent tax system that benefits both taxpayers and the government alike, marking a significant leap forward in tax administration within Nigeria.
In a preceding development, FIRS transitioned from the e-TIP platform to Tax-Pro Max for filing transfer pricing returns and Country-by-Country Reporting (CbCR). Businesses were granted until July 30, 2024, to settle any outstanding filing returns, with penalties waived for compliant businesses before the deadline.
FIRS has been steadfastly introducing reforms aimed at improving the ease of doing business, boosting revenue generation, and expanding its reach to encompass more businesses. The service has set an ambitious three-year target to elevate Nigeria’s tax-to-GDP ratio from approximately 10% to 18%, underscoring its commitment to enhancing the country’s fiscal landscape.
Credit: Nairametrics (Text Excluding Headline)
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