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Home Spotlight

FIRS Says It Will Soon Start Using GSM Subscriber Data To Catch Tax Evaders

Editor by Editor
April 18, 2016
in Spotlight
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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. 

The government this year began a more rigorous enforcement of the stamp duty law and expects it will yield about N2 trillion per year.

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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.

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