The Federal Inland Revenue Service (FIRS) and the Lagos State Government will collaborate to tackle non-payment of taxes by individuals and companies.
This was the outcome of the courtesy visit by the Chairman of FIRS, Muhammad Nami; and his team to the Lagos State Governor; Babajide Sanwo-Olu, on Tuesday, February 18, at Lagos House, Ikeja.
Speaking during the visit; Nami lamented that some multinational companies in the country had since 2011 refused to declare their profit and debt taxes.
He called on the Lagos State Government to collaborate with FIRS to contain this irregularity; as many of such were located in the state.
The chairman also sought the cooperation of the Lagos Inland Revenue Service (LIRS) to meet up with the N8.5 trillion revenue target by President Muhammadu Buhari to fund the country’s 2020 budget.
According to him, it is time to map out strategies on how to raise Internally Generated Revenue (IGR); by the present administration for national growth and development.
”Some of the multinational companies in Nigeria; as far back as 2011 was the last time they declared their profit and debt taxes in Nigeria.
”We are of the view that with you being their host and our internal revenue offices on ground; we should be able to map out a strategy on how to tackle these issues.
”These are companies that most of their products are consumed daily in our houses but they will come here; do business, go back to their country and leave us with the huge responsibility; of providing security for their businesses and infrastructure,” he said.
Responding, Gov. Sanwo-Olu pledged continued collaboration with the FIRS; to move the tax administration forward in the country.
He said that his administration would always improve on the Ease of Doing Business in the state; rather than stifle the economy with loaded taxes.
He also urged Nigerians to pay their taxes regularly in order for the government to attain a balanced development at all levels.
Sanwo-Olu promised that Lagos State Government would continue with the existing relationship; and further collaborate with FIRS; in sharing information to aid revenue collection and ensure deliverables were met.