The Executive Secretary of the Joint Tax Board (JTB), Sir Oseni Elamah said Nigeria’s taxpayer roll will hit 45 million anytime from now.
Elamah, who presented a report on the new Taxpayer Identification Number (TIN) Registration System to the Executive Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, said the increase in the taxpayer roll is the result of collaborative efforts between the FIRS and the State Internal Revenue Services (SIRSs).
Elamah further stressed that the JTB, chaired by Fowler, has completed the building of a new TIN Registration System, which is an integration of TIN numbers of various organisations.
He said “the leap in taxpayer roll is the result of collaborative efforts between the FIRS and SIRSs, part of which is the ongoing integration of databases that will fetch the nation a total of 45 million individual and corporate taxpayers”.
A tax roll is an official breakdown of all property within a given jurisdiction, such as a city, that can be taxed. The tax roll will list each property separately, as well as highlight its assessed value and the amount of taxes due.
Thousands of Nigerians were identified as tax defaulters by the FIRS, through the bank accounts substitution initiative embarked upon by the agency earlier this year.
Speaking in Lagos at a stakeholders’ forum and the official presentation of the “Nigerian Tax Outlook 2019”, Fowler said 55,000 tax defaulters were discovered.
Fowler revealed that the FIRS reported a record-breaking 5.3 trillion naira revenue in 2018, thanks to the application of technology and other initiatives. He also listed the Service’s tax amnesty and Voluntary Assets and Income Declaration Scheme (VAID) as factors that enabled the positive result the tax agency recorded for the year 2018.