News
At London meeting, FIRS chairman calls for capacity building among CATA members
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has called for increased capacity building to enhance tax administration processes among members of the global body.
Adedeji, according to a statement by his Special Adviser on Media, Dare Adekanmbi, made the call on Wednesday in his remarks at the opening of CATA management meeting held at Marlborough House, Pall Mall, London.
He explained that expanding the capacity of tax personnel of CATA member countries would empower them to deal with the challenges that have negatively impacted the tax administration landscape globally.
The management meeting had in attendance tax administrators from the United Kingdom (His Majesty Revenue and Custom), Canada, Australia, Malaysia, Barbados, Papa New Guinea, Ghana, Lesotho, Maldives, Uganda, Mauritius, Nigeria and others.
The CATA president, who also called for further adoption of technology in improving tax processes, however noted that rapid advancement in tax technology presents both opportunities and threats.
“Furthermore, the rapid advancement in tax technology and digitization has presented both opportunities and challenges for tax administrators worldwide.
“The discussions surrounding pillars one and two of the Organisation for Economic Cooperation and Development (OECD) have the potential to redefine international tax rules.
“Additionally, the landmark tax convention resolution at the United Nations (UN) Assembly has underscored the importance of international cooperation and inclusivity of all in addressing tax challenges.
“In light of these developments, it has become increasingly evident that the need for improved and more comprehensive capacity building for CATA members is paramount.
“It is imperative that we equip ourselves with the knowledge and skills necessary to understand these evolving discussions and contribute to the formulation of transparent and beneficial rules for our respective jurisdictions.
“Moreover, we must be prepared to effectively implement these rules once they are concluded, in order to ensure their successful integration into our tax administration frameworks and maximize the benefit they will bring,” he said.
OECD pillars one and two deal with how to expand tax revenue annually based on the profit thresholds of companies that do not operate physically in countries but make sales from such countries through digital platforms or other means.
The CATA president commended the management committee and members who have agreed to host the body’s programmes in 2024, describing such commitment as a testament of the devotion to the success of the association’s strategic plan
- Sports10 hours ago
Daniel Anjorin’s GoFundMe campaign soars past the £100,000
- Top Stories13 hours ago
Why Biden decided to speak out about the campus protests after days of silence
- Top Stories10 hours ago
I want to start fellowship group – Toke Makinwa
- News12 hours ago
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 4th May 2024
- Politics13 hours ago
Nigerian Army recruitment: How to apply
- Entertainment6 hours ago
AFRIMA Hosting Rights: African Union Writes Nigeria, South Africa
- News13 hours ago
Sacked EKEDC MD, Tinuade Sanda Embroiled in Fake Certificate Scandal
- Top Stories14 hours ago
NERC Unbundles TCN, Establishes New System Operator