FIRS, OAGF partner to tackle glitch in VAT, stamp duty remittances

The Federal Inland Revenue Service (FIRS) says it will partner with the Office of the Accountant-General General to ensure seamless remittance of Value Added Tax and Stamp Duties. Executive Chairman of FIRS, Dr. Zacch Adedeji made the disclosure in Abuja at a 2-day Strategic stakeholders’ engagement with the theme: “Enhancing Tax Compliance through Collaboration.” “Despite […]

The Federal Inland Revenue Service (FIRS) says it will partner with the Office of the Accountant-General General to ensure seamless remittance of Value Added Tax and Stamp Duties.

Executive Chairman of FIRS, Dr. Zacch Adedeji made the disclosure in Abuja at a 2-day Strategic stakeholders’ engagement with the theme: “Enhancing Tax Compliance through Collaboration.”

“Despite the technological advances we’ve made, particularly with GIFMIS and our own TaxPro MAX platform, we continue to observe lapses in withholding tax deductions, VAT remittances, and stamp duty administration from the MDA space. These gaps, many of which are due to technical limitations and a knowledge deficit on tax compliance requirements, result in significant revenue losses and recurrent audit issues,” the FIRS chairman noted.

He said the FIRS is conscious that effective tax administration does not operate in isolation, as it is the product of deliberate cooperation, mutual understanding and well-coordinated systems among critical institutions of government. 

The Accountant-General of the Federation, Shamsudeen B. Ogunjimi said taxation remains the lifeblood of any economy, adding that improving tax compliance is not just a fiscal priority but a national imperative. 

“This engagement provides a unique platform to foster synergy between the FIRS and OAGF, align our strategies and address challenges hindering optimal tax collection and remittances,” he said.