JTB considering NIN for tax initiative to boost IGR ― Chairman

The Chairman of the Joint Tax Board (JTB), Muhammad Nami, says on Thursday, that the board is considering the National Identification Number (NIN) for Tax Initiative, to boost internally Generated Revenue (IGR) in the country.

Nami said at the opening of the 147th meeting of the JTB in Kaduna, that the move would ensure synergy in the tax administration system.

He said that the NIN database would provide the most robust, accurate and comprehensive database of current, potential, and future taxpayers in the country.

“We must, therefore, think of how best to explore this unique opportunity to ramp up taxpayer registration, validation of taxpayer identification, collection of data, profiling and analysing data collected.

“This will ensure that every citizen and other taxable persons in the country are compelled to declare and pay their taxes honestly as provided under Section 24 of the 1999 Constitution of the Federal Republic of Nigeria, as amended.

“By linking NIN to all key economic activities of individuals and businesses, this initiative will provide reliable, easy to access information to determine the correctness of the information declared for tax purposes by all taxpayers.

“It is also expected to streamline various regulatory processes for businesses and individuals leading to increased administrative efficiency and ease of doing business,” he said.

Nami stressed that the initiative, if properly implemented, was capable of expanding Nigeria’s tax net to cover at least 90 per cent of all eligible taxable persons against the estimated less than 30 per cent captured so far.

He added that the initiative also has the prospect of increasing the country’s tax contribution to GDP ratio from the current six per cent to about 20 per cent over the next five years.

The chairman said that as custodian of the Nigerian tax system, tax administrators have the responsibility of implementing all tax policies and laws and ensuring equity and optimal benefit to the nation.

Nami said that tax administrators were faced with the daunting challenge of finding innovative and effective ways of preventing, detecting and remediating tax evasion, illicit financial flows and loopholes that facilitate aggressive tax avoidance.

According to him, to deliver the mandate of revenue generation, tax administrators must be innovative and employ the use of technology and tax intelligence to counter the alarming trend of tax evasion.

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