The Federal Inland Revenue Service (FIRS) has disclosed that the days of tax evasion are over. To this end, the FIRS has inaugurated a National Intelligence Gathering System to gather data; as well as track tax evaders and defaulters across the country.
FIRS Director, Communications and Liaison Department, Mr Abdullahi Ismaila made this known in a statement in Abuja on Wednesday.
Ismaila said the Executive Chairman, FIRS, Mr Muhammad Nami, revealed this during an inter-agency collaborative visit to the Chairman; Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owansanoye on Wednesday.
Specifically, Nami explained that the new system would help to track tax evaders; with a view to bringing them to book and make them pay their fair share of taxes to the country.
According to him, the intelligence gathering system is Information and Communication Technology (ICT)-based; being implemented in collaboration with the ICPC and other anti-corruption agencies as well as financial institutions. In addition, he revealed that the system would help to tackle economy-based crimes, including money laundering.
“The ICPC is our critical stakeholder. We are improving our collaboration with the commission to track tax fraud and block all revenue leakages; to ensure that we raise the revenue for the government to fund its budget.
‘‘We need the data and intelligence which you have to help us track tax evaders; as well as bring them into the tax net”.
Meanwhile, he disclosed that the Service was also restructuring and revamping its system. This, he affirmed, was in order to enable it surpass its 2020 revenue target.
As a matter of fact, the Federal Government has underlined its intent to expand the tax net. Indeed, the FG sees this as critical to boosting the nation’s revenue-base.