Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has assured that the four tax bills being discussed in the National Assembly will neither hurt government agencies operations nor affect the jobs of their employees.
The FIRS boss gave the assurance yesterday in Abuja during a meeting with the chief executives of the National Agency for Science and Engineering Infrastructure (NASENI), the National Information Technology Development Agency (NITDA), and the Tertiary Education Trust Fund (TETFUND).
Adedeji’s clarification was in response to worries that the proposed name change for FIRS to Nigeria Revenue Service (NRS) could result in the merging of various federal agencies.
He, however, explained that the changes outlined in the bills are intended to improve the efficiency of these agencies rather than diminish them.
“There is nothing in the bills that will reduce your funding or effectiveness. Instead, these provisions will help build a strong foundation for your sustainability,” Adedeji said.
He restated the Federal Government’s commitment to improving its financial outlook to support all agencies.
According to him, the goal of the proposed bills is to enhance tax efficiency and simplify the tax process for everyone involved.
Adedeji pointed out that once these bills become law, agencies will be able to concentrate on their specific roles rather than worrying about collecting revenue.
He also mentioned that the current tax laws are outdated and overlapping, which creates confusion.
The aim of the ongoing reforms, he nother, is to help Nigeria become a more attractive place for investment.
“To convince business people worldwide that Nigeria is their best choice for investment, we need to make our tax system more streamlined and efficient,” Adedeji said.
