ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home News

FIRS hosts ATAF general Assembly, focuses on sustainable taxation

Business 360 by Business 360
November 4, 2022
in News
0
N9.8 Tax Debt: FIRS Shuts NDPHC HQ

The Federal Government of Nigeria through the Federal Inland Revenue Service ( FIRS) has played host to senior tax officials from 40 African Countries, including tax practitioners and representatives of multilateral agencies and other regional tax organisations. This rich array of tax administrators and senior government officials from across Africa are shaping and defining the course of policy on issues surrounding revenue mobilization in Africa, with special focus on sustainable taxation. The theme of this year’s General Assembly is : “Rethinking Revenue Strategies: The Human Face of Taxation”.

L-R : Executive Secretary African Tax Administration Forum (ATAF) Logan WORT; Chairman ATAF, Dr. Philippe Kokou Tchodie; Executive Chairman Lagos State Internal Revenue Service (LIRS) Mr. Ayodele Subair and Chairman Federal Inland Revenue Service (FIRS) Mohammad Nami addressing the press at the 7th ATAF General Assembly in Lagos in Tuesday

In his opening remarks at the ongoing 7th African Tax Administration Forum (ATAF) General Assembly and other ancillary meetings in Lagos, the Chairman Federal Inland Revenue Service (FIRS) Mohammad Nami said the intersection between provision of the much needed resources to fund government’s expenditure as tax administrators, while showing empathy for the burdens citizens face makes the theme of the 7th ATAF General Assembly apt.


According to him, the unprecedented global shocks since 2020 to date occasioned by COVID-19 are currently made worse by the Russia-Ukraine war.
“These unfortunate incidents have placed a significant burden on all Revenue Authorities in Africa of having to devise innovative means and adopt new strategies that are less dependent on external economic factors to fund the rising budgetary needs of the Government at all levels.


“In addition to this situation is the challenge posed by the digital economy, where business transactions have moved from the brick-and-mortar model to the digital space, thereby creating emerging issues in the tax ecosystem for developing African countries.


“Therefore, effective and efficient Domestic Revenue Mobilisation has become more critical and urgent than before as tax revenue is the most sustainable source of financing development globally,” the FIRS boss stated.


Hosted by the Federal Inland Revenue Service ( FIRS), the forum will last from the 31st October to the 4th of November 2022 in Ikeja Lagos.
In his welcome address address, Lagos State Governor Mr. Babajide Sanwo- Olu urged participants to ensure that take-aways from their deliberations will prove invaluable towards bridging the revenue gap in a works saddled with both unquenchable taste and diminishing resources.


According to him, Africa is the continent of the new millennium, and Lagos State is fast gaining a reputation as one of the locations of choice for conferences and events, not only in Nigeria but on the continent as a whole.

“It is not for nothing that we have acquired the fond slogan ‘Eko for show!’. Eko is the indigenous name for Lagos. Thus far, we have recorded good success with ail the events held here in our state and I am confident that this one will not be any different.”

Represented by the Chairman, Lagos State Internal Revenue Service (LIRS) Mr. Ayodele Subair, Sanwo-Olu observed that Lagos as the centre of excellence is experiencing transformational infrastructural projects that will improve the quality of lives of citizens. Also speaking, the Chairman ATAF, Dr. Philippe Kokou Tchodie expressed gratitude to the FIRS and the Nigerian government for their cooperation and hospitality in accommodating the 7th General Assembly.

He harped on the role of taxation in achieving sustainable development on the African continent. Some of the topics that featured in sessions include: Taxation and Development: Enhancing the Quality of Life in African Countries; Tax as a Social Contract and Civic Duty – Managing Taxpayers Perception;

Tax and Technology – Human Centred and Socially Responsible Automation among others. The FIRS is Nigeria’s agency responsible for assessing, collecting and accounting for tax and other revenues accruing to the Federal Government. The African Tax Administration Forum is an organization of 40 member nations which provides a platform for cooperation among African tax authorities. Through mutual cooperation between the members, ATAF works towards increasing the level of voluntary tax compliance whilst combating tax evasion and avoidance. Nigeria, with the instrumentality of the Federal Inland Revenue Service (FIRS) played a major role in setting it up, right from its conceptualisation stage.

Previous Post

OPEC: Dangote’s 650,000bpd Facility to Account for More Than Half of 1.2m bpd Expected Africa’s Refining

Next Post

Musk defends deep cuts to company’s workforce

Business 360

Business 360

Next Post
Twitter Shares fall as Elon Musk backs out of deal

Musk defends deep cuts to company’s workforce

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Moody’s Downgrade of US Credit Rating Sends Markets into Decline

Moody’s Downgrade of US Credit Rating Sends Markets into Decline

May 19, 2025
Tension Rises as CBN’s BDC Recapitalisation Deadline Nears

Tension Rises as CBN’s BDC Recapitalisation Deadline Nears

May 19, 2025
$5bn African Energy Bank Nears Launch, Backed by Afreximbank and APPO

$5bn African Energy Bank Nears Launch, Backed by Afreximbank and APPO

May 19, 2025
DBN Disburses Over ₦1 Trillion to MSMEs, Targets ₦1.3 Trillion in Capital by 2029

DBN Disburses Over ₦1 Trillion to MSMEs, Targets ₦1.3 Trillion in Capital by 2029

May 19, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Moody’s Downgrade of US Credit Rating Sends Markets into Decline

Moody’s Downgrade of US Credit Rating Sends Markets into Decline

May 19, 2025
Tension Rises as CBN’s BDC Recapitalisation Deadline Nears

Tension Rises as CBN’s BDC Recapitalisation Deadline Nears

May 19, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!