Categories: News

FIRS’ Acting Chairman Speaks On Increasing Taxes

The Federal Inland Revenue Service, FIRS, has said that it has no plans to increase taxes further.

The Acting Chairman of FIRS, Zacch Adedeji, disclosed this on Thursday in a statement by his Media and Communication aide, Dare Adekanmbi.

Advertisement

Speaking to heavy tax-paying companies in Nigeria, assured that the government will not increase taxes despite its drive to grow its tax-to-GDP ratio to 18 per cent from 10.86 per cent.

“Our belief, understanding and vision as a revenue-generating agency is not to introduce any new tax as we only want to use data to improve compliance,” he “aid.

Advertisement

“Our plan is simple. We want to grow tax revenue, and we only want to tax prosperity and not poverty. Therefore, it is not our interest to kill the trees that bear the fruits”, he said.

Advertisement
citynews

Recent Posts

Dele Farotimi released from Ekiti correctional centre

Human rights advocate Dele Farotimi has been released from the Ekiti State correctional facility after…

35 minutes ago

Breaking: Ibadan Stampede: Court Orders Remand Of Ooni’s Ex-Wife, School Principal

A Chief Magistrate in Ibadan, Olabisi Ogunkanmi, has ordered the remand of Prophetess Naomi Silekunola, the…

53 minutes ago

Nkechi Blessing gets engaged to younger lover, Xxssive [VIDEO]

Popular Nollywood actress, Nkechi Blessing has finally got engaged to her younger lover, Xxssive. This…

3 hours ago

GOAT: Who said Messi is better than me – Cristiano Ronaldo

Al Nassr captain, Cristiano Ronaldo, has jokingly reacted to a Lionel Messi taunt as he…

3 hours ago

Regina Daniels reveals the best way to predict one’s future as she shares more photos from her vacation

Popular Nollywood actress, Regina Daniels who is still enjoying her trip to the United States,…

3 hours ago

Jay-Z has no ‘plans to show loyalty to longtime friend Diddy’ as he battles r@pe allegation

Jay-Z has no plans to show loyalty to longtime friend Sean 'Diddy' Combs amid the…

3 hours ago