By Kadiri Abdulrahman
TaxADR, in collaboration with the Federal Inland Revenue Service (FIRS) and other stakeholders is posed to fashion out alternative tax dispute resolution.
Mr Lateef Yusuff, Founder, TaxADR, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.
The NAN reports that TaxADR is a group committed to fashioning out alternative mechanisms in tax dispute resolution management.
Yusuff noted that protracted tax disputes were hindering revenue generation and investor confidence in the country.
He stressed that that collaboration with the FIRS presented a strategic opportunity to integrate Alternative Dispute Resolution (ADR) into the tax administration system in the country.
According to him, the recently launched National ADR Policy and harmonised tax laws present a strategic opportunity to ADR into the tax administration system.
“This is crucial, considering Nigeria’s rapidly evolving economic landscape.
“With the Attorney General’s recent approval of the National ADR Policy, the nation is poised to institutionalise ADR mechanisms across key sectors.
“A structured TaxADR framework can help reduce dispute backlogs and litigation costs, bolster taxpayer trust and compliance, increase revenue efficiency, and align Nigeria with international best practices.”
He added that the stakeholders would within the week host a pioneering two-day TaxADR Roundtable under the theme “Unlocking Revenue and Strengthening Dispute Resolution: A Roadmap to Tax ADR in Nigeria”.
According to him, the event is scheduled for Wednesday and Thursday in Abuja. (NAN)(www.nannews.ng)