Tax reforms: Integration of technology in revenue systems critical- Adedeji

The Executive Chairman of the Nigeria Revenue Service (NRS), Mr Zacch Adedeji, says integration of technology in revenue systems is critical to reforming the country’s tax administration.

Adedeji said this during the Federal Capital Territory Internal Revenue Service (FCT-IRS) stakeholder engagement forum on Monday in Abuja.

The theme of the event, “Harmonising revenue systems and implementing new tax laws,”.

He was represented by the Executive Secretary, Joint Revenue Board, Mr Olusegun Adesokan.

He said that technology had vital role to play in the new tax laws because it would promote efficiency, transparency and accountability.

Adedeji urged all tax authorities at the sub-national level to embrace the tax law.

He commended the FCT-IRS for taking a decisive move to to convey a high-level stakeholders’ engagement to strengthen revenue administration and align with Nigeria’s sweeping fiscal reforms.

He said that the engagement was both essential and timely, adding that the ongoing reforms seek to redefine compliance, reduce revenue leakages and strengthen tax administration.

According to him, this commitment will help to build a transparent, efficient, and collaborative tax ecosystem that will accelerate infrastructural development and economic prosperity in the FCT.

Adedeji said that the far-reaching fiscal and tax reforms being implemented under the leadership of President Bola Tinubu, were designed to reposition Nigeria’s evenue architecture to promote efficiency, equity, and sustainable public finance management.