The International Monetary Fund has pledged support for the Federal Inland Revenue Service on the ongoing reforms at the FIRS, while commending the agency for what it described as significant progress in its core duties.
This pledge was given by a Senior Economist at the Fiscal Affairs Department of the global body, Paulo Paz, on Wednesday at the opening of the IMF-supported Headquarters Mission at the Revenue House in Abuja.
The mission of the IMF team to Nigeria was to explore areas the organisation could further support the agency in addressing the challenges that might arise, particularly with the recently signed tax laws.
In a statement from the Special Adviser on Media to the FIRS chairman, Dare Adekanmbi, Paz said the IMF recognised the “good work that FIRS has been providing to the citizens,” under its Chairman, Zacch Adedeji.
Paz said the new tax laws will have a new impact on Nigeria.
“We want to know how we can best support you with this new challenge. Our take on the four tax laws is, first, a recognition of the very good work that FIRS has been providing to the citizens.
“You have at the same time the recognition and new responsibilities with these very powerful laws, which will increase the relevance of the tax administration in Nigeria. I want to express our honour of being here and being a partner of FIRS. Thank you for your trust in our advice. We congratulate you on the good results so far. There is more to come, and we are here to help.”