The FIRS has stated that there are no intentions to further increase taxes.
In a statement by Dare Adekanmbi, the Media and Communication representative of FIRS, the Acting Chairman, Zacch Adedeji, made this disclosure on Thursday.
Addressing prominent tax-paying companies in Nigeria, Adedeji assured them that the government has no plans to raise taxes, despite its efforts to increase the tax-to-GDP ratio from 10.86% to 18%.
“As a revenue-generating agency, our focus is not to introduce any new taxes but to enhance compliance through the use of data,” he said.
Adedeji further added, “Our strategy is simple: we aim to boost tax revenue by taxing prosperity, not poverty. Therefore, it is not our intention to destroy the very source of wealth creation.”