FIRS Begins Vat Automated Payments System for Airlines, Others
ABUJA – The Federal Inland Revenue Service (FIRS) is to commence implementation of automated Value Added Tax (VAT) and Withholding Tax deductions at source for the Aviation industry beginning from September 2013 with extensions to other sectors such as the Telecommunication and Financial services to follow.
The Acting Executive Chairman of FIRS, Alhaji Kabir Mashi made this known yesterday in Abuja at a one-day sensitization workshop for FIRS Field Officers, Collection Agents and Banks.
Mashi, represented by the Coordinating Director, Direct Report Group (DRG), Mr. Onyekachi Ihedioha, also listed the automation of all our receipt processes, increase in the number of payment channels as well as the implementation of the Integrated Tax Administration System (ITAS) as among steps taken by FIRS to ensure increase tax revenue collection for the government.
He also disclosed that FIRS is collaborating with the commercial banks to make the Taxpayer Identification Number (TIN) mandatory for opening of an account and all transaction with the individuals and corporate bodies.
Mashi said “We have extended invitations to our Collecting Agents for their magnanimity in collecting and remitting taxes on behalf of the Service. Businesses now know that there is no hiding place for them anymore. Yes they can run, but they can no longer hide.
“We appreciate the level of cooperation thus far in the implementation of the Taxpayers Identification Number (TIN) system. We have achieved some significant mileage with the introduction of TIN and we hope the Banks will fully adopt the “No TIN No Account” option as we go on.”
According to him, suffice it to say that efficient revenue management entails generating the maximum level of revenue without leakages, prompt delivery of quality services to the taxpaying public and high level of transparency and accountability.
He said while part of the ITAS project focuses on Taxpayers Registration using TIN, the Filing and Registration and Returns Processes, Payment Processing was being addressed by the collection automation project.