The Federal Inland Revenue Service (FIRS) has requested the National Assembly to expedite action on the passage of subsisting tax laws as well as amendment to existing Acts.
The federal tax agency says a speedy tightening of the law will help it realise its medium-term target of N23.039trillion.
Acting FIRS Executive Chairman, Kabir Mashi, said in Abuja on Wednesday that the Service would appreciate the speedy passage of existing tax laws, including the Petroleum Industry Bill (PIB) currently pending before the National Assembly, as well as two other tax bills that would be submitted to the National Assembly for review by December.
Chairman of the House Committee on Finance, AbdulMumini Jubrin, said the committee and the House would continue to give the desired support to the FIRS, given its attainment in the last few years to enable it improve on the economic fortunes of the country.
Mr. Jubrin, who led the Committee on oversight visit to the FIRS Headquarters in Abuja on Wednesday, said the Committee would continue to collaborate with FIRS to ensure that further reform efforts of the Service gets deserved attention in the National Assembly.
On FIRS Medium Term Plan between 2012 and 2015, Mr. Mashi said, “In the next three years, particular attention would be on the following amongst others, where the assistance of the Legislature would be required: Review of Existing Tax Laws and enactment of relevant new Tax Laws, Review of FIRS (Establishment) Act and introduction of relevant regulations to effectively regulate it, Achieve a Medium Term Revenue Framework as projected: N4, 779.41 trillion in 2012, N5,456.79 trillion in 2013, N6, 060.23 trillion in 2014, N6,743.58 trillion in 2015”, he said.
As part of the FIRS Medium Term Plan 2012-2015, the Acting Executive Chairman of FIRS, Mr. Mashi said the Service plans to deliver the following on-going projects soon, “Integrated Tax Administration System (ITAS) Project, (with specific focus on automation of all core tax operations processes; Integrated Human Resource, Payroll and Pension Management System (HRPPMS), known as SAP), Human Resource Re-Engineering, (with specific focus on introducing an Integrated Human Resource Management in FIRS); Finance and Accounts/Procurement, (with specific focus on automating the entire finance and accounts as well as the procurement processes within the Service}; and the Taxpayer Service Advocacy Program, (with specific focus on taxpayer enlightenment, education and assistance”).
Despite the milestones FIRS has recorded within the past few years, Mr. Jubrin noted that the Federal Government still requires the FIRS to continue to aspire for higher targets in order to improve sustainable funding in the country.
“For FIRS, every rational human being that has been following events in FIRS would know where FIRS was and he will also understand where the agency has been able to advance to. Let me use this opportunity to commend the immediate past Executive Chairman of FIRS, Mrs Ifueko Omoigui Okauru and the management of FIRS for leading reforms in the Service in many aspects, including manpower and infrastructural development. Really, a lot has been achieved but we can always aspire to achieve more. There has to be continuity.” he said.
“Whatever that has been raised in the presentation, back in the Committee we will put our heads together to ensure that they get accelerated passage in the National Assembly as far as they are in the best interest of the nation,” he said.