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NIGERIA’S TAXMAN TO INTRODUCE ELECTRONIC TAX CLEARANCE CERTS TO REDUCE FRAUD

ABUJA, The Nigerian Federal Inland Revenue Service (FIRS) says it will soon introduce an electronic Tax Clearance Certificate (TCC) system to help reduce the use of fraudulent certificates.

The director for information communication technoligy (ICT) at the FIRS, Kola Okunola, said in a presentation at a journalism training course last week that the implementation of the e-TCC verification system had reached an advanced stage and was now undergoing a user acceptance test before being deployed.

The new TCC system is expected to be introduced in the next four weeks and will provide an e-repository of all TCCs issued by the FIRS, he added.

“It will enable FIRS staff and authorised third parties to verify tax clearance certificates, thereby reducing the incidence of fraudulent certificates. It automatically sends Tax Clearance Certificates to the email addresses of taxpayers and also enables them to request for and print their TCCs online,” Okunola said.

He added that the service recently commenced modalities for implementation of robust value added tax (VAT) automation mechanism for the power, telecommunications, e-commerce, financial services, oil and gas, insurance, hotels, malls and hospitality sectors.

The essence of VAT automation in these sectors is to help ensure transparency of tax remittances within the industry and help block leakages.

Meanwhile, the FIRS management is currently adding additional payment gateway channels such to help expand the scope and widen the tax net, Okunola added. — NNN-NANim, FIRS has also installed customised digital signage that had been installed in FIRS Large Tax Offices nationwide to enhance taxpayers enlightenment as part of the efforts geared towards continuous taxpayer education.

Source: NAM NEWS NETWORK