In a bid to create an environment for business growth, the Federal Inland Revenue Service has assured businesses in the country of a friendly tax administration.
The Executive Chairman of FIRS, Dr Zacch Adedeji, disclosed this when he hosted the management team of MTN Nigeria, led by its Chief Executive Officer, Karl Toriola, in Abuja.
Adedeji stated the agency’s resolve to create an environment for business growth by removing every obstacle in the way of corporate entities was in line with the directive of President Bola Tinubu.
The FIRS chairman further explained that the ongoing restructuring at the agency had led to the creation of a one-stop shop for taxpayers according to their turnover thresholds adding that it was part of measures aimed at easing the payment of taxes in the country.
“The way we are structured now is that we have large taxpayers’ group, medium and small. Those in the large tax group were companies with turnover of N5bn and above and I know that is where MTN belongs.
“In the large tax category, you will now be required to pay all your taxes, including Company Income Tax, Value Added Tax, and others in that one-stop shop, where you can also have issues relating to audit sorted,” he said.
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