Nigerian authorities will now seek access to mobile-phone subscriber data from the telecommunications regulator and the national identity agency to get more people into the tax roll, according to a statement Monday by the Joint Tax Board.
The Federal Inland Revenue Service (FIRS), which collected N3.7 trillion, last year, has set a target to increase revenue by 32 percent this year and expects 70 percent of the income to come from value-added tax.Â
The government this year began a more rigorous enforcement of the stamp duty law and expects it will yield about N2 trillion per year.
The stamp duty was first signed into law in 2004, but had limited enforcement until a Jan. 15 directive by the Central Bank of Nigeria (CBN) asking lenders to charge N50 on all payments exceeding N1,000.
