FIRS Introduces Stamp Duty Services Portal

The chairman, Mr Babatunde Fowler, disclosed this at the opening of a week-long workshop on taxation, in Abuja.

According to Fowler, the online portal will facilitate the assessment and payment of Stamp Duties by Nigerian taxpayers, making tax payment easy for the Nigerian public.

Also, Tax office, is to extend the Integrated Tax Administration System, ITAS, initiative to all its offices across the country.

ITAS, which was introduced by the service in key tax offices in 2016, automates all core tax administration processes from registration, filing, audit, to payment by both individual and corporate tax payers.

Mr. Fowler, who explained that the organisation was able to generate N3.303 trillion in 2016, in spite of the down-turn in the economy due to the deployment of technology, among other strategies.

He said: “The deployment of technology, expansion and deepening of ongoing Information Communications Technology initiatives became a marked feature of our bid to shore up non-oil revenue.

“The Service deployed the Integrated Tax Administration System, in key tax offices in 2016. ITAS will be rolled out nationwide in 2017. ITAS is targeted at automating all core tax administration processes.”

On last year’s revenue, he said that the FIRS made “a N3.303 trillion collections in a challenged economy in a year when oil prices dropped less than $50 dollars a barrel for over nine months and when the value of stocks on the Nigerian Stock Exchange (NSE) slid and purchasing power was slim.”