{"id":16511,"date":"2017-08-15T13:58:49","date_gmt":"2017-08-15T12:58:49","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=16511"},"modified":"2017-08-15T13:58:49","modified_gmt":"2017-08-15T12:58:49","slug":"firs-others-share-data-high-income-earners","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/firs-others-share-data-high-income-earners\/","title":{"rendered":"FIRS, others share data of high income earners"},"content":{"rendered":"

The Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS) have started sharing data of high net worth individuals to profile income earners and taxpayers and get them to pay appropriate taxes.<\/p>\n

Twelve states have signed the Memorandum of Understanding (MoU) under the Voluntary Assets and Income Declaration Scheme (VAIDS).<\/p>\n

The JTB also announced yesterday that it had hired a consultant to ensure that the databases of states\u2019 tax authorities and the\u00a0FIRS\u00a0speak to each other.<\/p>\n

The integration of data will help data sharing among states, improve compliance and tax revenue.<\/p>\n

Executive Chairman of\u00a0FIRS\u00a0and JTB, Mr. Tunde Fowler, announced the\u00a0MoU with states on VAIDS in Abuja at JTB\u2019s 138th\u00a0meeting.<\/p>\n

He said the integration of data among states between\u00a0FIRS\u00a0and JTB would help to identify high net-worth individuals, track their tax status and compliance. He announced that there are no untouchables as regards the implementation of VAIDS<\/p>\n

Fowler said that the Federal Government has demonstrated an uncommon political will to entrench tax compliance in Nigeria, saying issues of taxation are taking a centre stage in the country.<\/p>\n

\u201dSpeaking on behalf of the\u00a0FIRS\u00a0and the JTB, I want to assure you that we have received the blessing and political will of Mr. President, the Acting President to implement VAIDS.<\/p>\n

\u201dThe Executive is behind us, the Senate, the House of Reps, are behind us and the Judiciary is behind us. The government is behind us. It is now left for us to perform our duties in the right and best way.<\/p>

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\u201dA lot of special things are happening to the country. We are changing the financial profile of the country and of course, taxation is in the forefront. I can\u2019t recall any time in the past when we had had such integration and cooperation. Our vision is to ensure that the governments, at all levels have enough resources to provide essential facilities to everyone. We are also moving away from taxes based solely on oil\u2014that are not predictable to non-oil taxes\u201d.<\/p>\n

\u2018I am Happy to announce that at no time in the history of the\u00a0FIRS\u00a0have states and JTB have enjoyed this level of collaboration that we are enjoying today. Collaboration is important. States cannot be said to be doing well if the\u00a0FIRS\u00a0is not doing well.\u00a0 In the same vein,\u00a0FIRS\u00a0cannot be said to be doing well if states are not doing well.<\/p>\n

\u201dBetween 25th\u00a0and 29th\u00a0September 2017, the African Tax Administration Forum, ATAF will be meeting in Abuja. Leaders of tax authorities will be in attendance. Many will come with their ministers. We believe that collaboration between heads of tax authorities and Ministers of Finance is healthy for tax work. We will encourage them to come.<\/p>\n

\u201dIn the same vein, we expect that all of you (Chairmen of State Internal Revenue Services) will be in attendance and at least one other person\u2014possibly your commissioner of Finance.<\/p>\n

At the enlarged meeting of the JTB, convened mainly to discuss stakeholders\u2019 implementation of VAIDS, the body ratified the election Chief Oseni Elamah, former Chairman of Edo State Board of Internal Revenue, as the new Executive Secretary of JTB.<\/p>\n

Mr. Elamah takes over from Mr. Mohammed Lawal Abubakar, a Director with the\u00a0FIRS, who has led the JTB Secretariat for seven years.<\/p>\n

Fowler thanked the JTB members for their activities on the Tax\u00a0Thursday\u00a0and further urged them to put more efforts in observing the weekly tax education programme.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS) have started sharing data of high net worth individuals to profile income earners and taxpayers and get them to pay appropriate taxes. Twelve states have signed the Memorandum of Understanding (MoU) under the Voluntary Assets and Income Declaration Scheme (VAIDS). The JTB also …<\/p>\n","protected":false},"author":6,"featured_media":16512,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[608],"coauthors":[2391],"class_list":["post-16511","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-firs"],"yoast_head":"\nFIRS, others share data of high income earners - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/firs-others-share-data-high-income-earners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIRS, others share data of high income earners - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS) have started sharing data of high net worth individuals to profile income earners and taxpayers and get them to pay appropriate taxes. 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