The Chairman of the Federal Inland Revenue Service (FIRS), Zaach Adedeji, yesterday explained that Nigeria’s tax system reforms are driven by the need for increased revenue, better compliance, and more equitable economic practices.
Adedeji spoke in Lagos on Wednesday, delivering the keynote address at a stakeholders’ engagement organised by the Lagos Chambers of Commerce and Industry.
Speaking on the theme “Emerging Tax Matters,” the FIRS Chairman who was represented by the Acting Director, Medium Taxpayers Department – South, Oti Olaniyi, identified recent organizational restructuring of the FIRS, tax reforms including Finance Acts, Deduction at Source (Withholding) regulations 2024 among other drives.
He said “Nigeria is at a crucial juncture in its economic evolution. Our tax system, a foundational element of economic policy, is undergoing significant reforms. These changes are driven by the need for increased revenue, better compliance, and more equitable economic practices.
