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Home Economy

FIRS Introduces Self-Registration Module to Simplify Tax Registration Process

Business 360 by Business 360
March 13, 2024
in Economy, Tax
0
Experts express worry over 2019 budget at tax institute’s forum

In a bid to streamline tax processes and enhance customer convenience, the Federal Inland Revenue Service (FIRS) has announced the introduction of a self-registration module on the Tax-Pro Max platform. This development was disclosed in a public notice signed by the Executive Chairman of FIRS, Zacch Adedeji, PhD, who urged businesses to take advantage of the newly implemented feature.

The notice highlighted that every newly registered business entity can now complete their registration with FIRS independently through the self-registration module. This module, integrated into the Tax Administration Solution platform, allows taxpayers to finalize all registration procedures with FIRS from the comfort of their offices or homes, thereby saving valuable time and resources.

“We have introduced a Self-registration Module on our Tax Administration Solution platform popularly called Tax-Pro Max. With the innovation, taxpayers can now complete all registration with the FIRS independently in the comfort of their offices or homes, thus saving them time and resources,” the notice stated.

Moreover, the notice emphasized that every newly registered corporate or business entity automatically receives a Tax Identification Number (TIN) upon registration with the Corporate Affairs Commission (CAC). This TIN enables businesses to seamlessly proceed with their registration with FIRS through the TaxPro-Max platform.

“The new feature will enable an efficient and transparent tax system that benefits both citizens and the government,” the notice further highlighted.

The introduction of the self-registration module reflects FIRS’s commitment to improving the ease of doing business in Nigeria and fostering a more customer-centric approach to tax administration. By leveraging digital solutions, FIRS aims to simplify the registration process for businesses while promoting compliance and transparency in the tax system. This initiative is poised to facilitate smoother interactions between taxpayers and tax authorities, ultimately contributing to economic growth and development in the country.

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