• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Friday, March 24, 2023
  • Login
  • Register
Business Post
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Business Unlimited

FIRS Boss Upticks Tax System Driven By Dialogue With Citizens And Shared Responsibilities

Nwanne Ikemefune by Nwanne Ikemefune
November 5, 2022
in Business Unlimited
0 0
0
FIRS Commences Direct Collection Of Taxes From Online Gaming Operators
0
SHARES
13
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Nigeria’s tax czar, Mr. Muhammed Nami, Executive Chairman Federal Inland Revenue Service (FIRS), has called on all that are involved in the tax system, the government tax bodies and tax payers, to create a common platform for exchange of diverse ideas on taxation..

Nami while speaking at the 2022 Kaduna State Tax Dialogue today at Kaduna described tax dialogue as a tool for engendering tax compliance through collective ownership of the tax system, as well as a means to strengthening tax systems. He maintained that dialoguing on tax was very necessary for inclusivity, fairness and pooling expert ideas to aid tax policy formulation, which ultimately strengthens tax administration.

Elaborating further he said, “Tax dialogue is a multi-sided communication channel that enables every view to taxation be aired and considered.  By so doing, it lends itself to inclusiveness in the design and implementation of the tax system thereby engendering the spirit of collective ownership which, ultimately, promotes voluntary tax compliance;

“Dialoguing on tax prevents destructive conflicts as no one feels cheated or unfairly treated. Where this do not exist what follow is conflict and rebuff and he cited the Boston Tea Party where resistance to the Tea Act of colonial England created room for the Declaration of Independence in 1776. “When governments do not dialogue with the people on the taxes they wish to impose, they create room for conflict and even rebuff.

Speaking on the concept of the “Social Contract” that exists between the government and the citizens, Mr. Nami explained that for the government to provide public goods for the enjoyment of citizens, citizens had the duty to provide government with the needed resources to do so by paying their taxes.

“As much as individuals running the apparatus of government are liable to satisfy the yearnings of citizens for public goods, it is the duty of the citizens to supply the resources required. This is the Social Contract and also two-sided– it involves the duty of government to provide public goods for the enjoyment of citizens on the one hand; and the duty of citizens to provide government with the resources needed to provide those public goods on the other hand. Citizens fulfil their side of the Social Contract by paying taxes with minimal prompting.”
 
Mr. Nami further noted that two key drivers of voluntary tax compliance are effective communication and trust, and that “Tax Authorities must develop effective tax communications strategies while governments, at all levels, must ensure taxpayers receive value for taxes paid.”

The FIRS boss further called on tax authorities to implement data-driven tax administrations, noting that “modern and efficient tax administration is run with data.”

“Nigeria needs appropriate statutory framework for a centralised data sourcing, warehousing, analysis and retrieval system that every tax authority can plug into.”

Muhammad Nami also called for the harmonisation, at all levels of government, of all revenue generating functions into a single platform under the administration of one revenue authority to reduce cases of uncertainty and instability in the economy.

Previous Post

Insurers, Pension Operators Get Lagos Chamber Of Commerce Charge To Revolutionise The MSMEs With Gripping Incentives

Next Post

NAICOM Institutes Award of Excellence For Journalists

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Tax Administrators Charged To Match The Pace Of Global Technological Advancements
Business Unlimited

Tax Administrators Charged To Match The Pace Of Global Technological Advancements

March 21, 2023
Business Unlimited

FIRS Feast Of MoU Snaps UK Counterpart

March 18, 2023
Advans Nigeria Goes Further At 10 With Better Banking, Branch Expansion
Business Unlimited

Advans Nigeria Goes Further At 10 With Better Banking, Branch Expansion

March 9, 2023
Next Post
NAICOM Institutes Award of Excellence For Journalists

NAICOM Institutes Award of Excellence For Journalists

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
ILAN Picture

Loss Adjusters Receive Charge To Match Speed Of New Developments

July 30, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
ncrib logo

NCRIB And Universal In Pictures

August 23, 2020
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
NCRIB Sets The Stage For Adaramola’s Tenure

NCRIB Sets The Stage For Adaramola’s Tenure

March 18, 2021
PenCom Approves Mrs Okwuosa New Access Pension Fund Custodian MD

PenCom Board Back-To-Work Pass, Gets Tick Over

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Scib CEO Tinubu

Professionals Want Value Dimension Added To Enhance Compulsory Insurance

6397
How Strong Is The Reinsurance Sector Going Into 2021?

How Strong Is The Reinsurance Sector Going Into 2021?

6126
Allianz Claims Survey Shows Changing Claims Patterns

Internal Failures, Major Cause Of Cyber Claims

5159
As Nat Cat Losses Mount A Resilience Mindset Matters More Than Ever

As Nat Cat Losses Mount A Resilience Mindset Matters More Than Ever

1383
Anchor MD Loses Father

Anchor MD Loses Father

1377
Leadway Assurance Leads With ISO/IEC Re-certification

Leadway Assurance Leads With ISO/IEC Re-certification

916
NIID: Dare Project To Take back Motor Policy From Touts Still Surging Despite Odds

NIID: Dare Project To Take back Motor Policy From Touts Still Surging Despite Odds

860
PenCom Trigger Lifts Transfer System Off The Starting Block With Split Responsibilities

Pension Funds Encounter First Waterfall

357
Old Mutual Points Nigerians To Insurance-backed Savings Plans To Hedge Economic Volatilities

Old Mutual Points Nigerians To Insurance-backed Savings Plans To Hedge Economic Volatilities

321
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

255
NAICOM Head office

Insurers Claims Paid In 2022 Q4 Increases By 18%, N244.3bn Obligation To Customers

March 24, 2023
NAICOM Regulation Stirs Clear Of Wild Spin Focuses On Mid-Point With Policyholders And Operators

Nigeria’s Insurance Industry Gross Premium Muscle Lifts N776.2bn To Closs 2022

March 23, 2023
Image Spin: Diipo Olarenwaju Says Blockers Of Loss Adjusters Vital Role Will Be Challenged

Image Spin: Diipo Olarenwaju Says Blockers Of Loss Adjusters Vital Role Will Be Challenged

March 23, 2023
Tax Administrators Charged To Match The Pace Of Global Technological Advancements

Tax Administrators Charged To Match The Pace Of Global Technological Advancements

March 21, 2023
Ojumah’ Exploits Earn Induction Into Sanlam Pan Africa Council Of Elders

Ojumah’ Exploits Earn Induction Into Sanlam Pan Africa Council Of Elders

March 20, 2023

FIRS Feast Of MoU Snaps UK Counterpart

March 18, 2023
Guinea Insurance Sets For Return To Profit Turf

Guinea Insurance Sets For Return To Profit Turf

March 18, 2023
Image Spin: Farewell For Omolola Adekunle Bankole

Image Spin: Farewell For Omolola Adekunle Bankole

March 17, 2023
Seplat Energy Says Allegations Against CEO, Board Untrue, Misleading

Seplat Energy Says Allegations Against CEO, Board Untrue, Misleading

March 16, 2023
Transactional Risk Insurance Now Mainstream Product – Report

Transactional Risk Insurance Now Mainstream Product – Report

March 15, 2023

Recent News

NAICOM Head office

Insurers Claims Paid In 2022 Q4 Increases By 18%, N244.3bn Obligation To Customers

March 24, 2023
NAICOM Regulation Stirs Clear Of Wild Spin Focuses On Mid-Point With Policyholders And Operators

Nigeria’s Insurance Industry Gross Premium Muscle Lifts N776.2bn To Closs 2022

March 23, 2023
Image Spin: Diipo Olarenwaju Says Blockers Of Loss Adjusters Vital Role Will Be Challenged

Image Spin: Diipo Olarenwaju Says Blockers Of Loss Adjusters Vital Role Will Be Challenged

March 23, 2023
Tax Administrators Charged To Match The Pace Of Global Technological Advancements

Tax Administrators Charged To Match The Pace Of Global Technological Advancements

March 21, 2023
Ojumah’ Exploits Earn Induction Into Sanlam Pan Africa Council Of Elders

Ojumah’ Exploits Earn Induction Into Sanlam Pan Africa Council Of Elders

March 20, 2023

FIRS Feast Of MoU Snaps UK Counterpart

March 18, 2023
Guinea Insurance Sets For Return To Profit Turf

Guinea Insurance Sets For Return To Profit Turf

March 18, 2023
Image Spin: Farewell For Omolola Adekunle Bankole

Image Spin: Farewell For Omolola Adekunle Bankole

March 17, 2023
Seplat Energy Says Allegations Against CEO, Board Untrue, Misleading

Seplat Energy Says Allegations Against CEO, Board Untrue, Misleading

March 16, 2023
Transactional Risk Insurance Now Mainstream Product – Report

Transactional Risk Insurance Now Mainstream Product – Report

March 15, 2023
Over 2,100 RSA Holders Make Maiden Dash For Transfer Window

PenOp Creates Bastion Of Effective Leadership For Pension Professionals

March 14, 2023
Allianz Combines Commercial Insurance Divisions

Allianz Combines Commercial Insurance Divisions

March 14, 2023
Preferred PenCom Logo

PenCom Knocks Lagos For Consistent Failure To Pay N2bn Monthly Commitment To Retirees

March 13, 2023
Guinea Insurance Takes The Stride Of Fresh N900m Capital

Guinea Insurance Takes The Stride Of Fresh N900m Capital

March 9, 2023
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel

Recent News

NAICOM Head office

Insurers Claims Paid In 2022 Q4 Increases By 18%, N244.3bn Obligation To Customers

March 24, 2023
NAICOM Regulation Stirs Clear Of Wild Spin Focuses On Mid-Point With Policyholders And Operators

Nigeria’s Insurance Industry Gross Premium Muscle Lifts N776.2bn To Closs 2022

March 23, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In