The Federal Inland Income Service (FIRS) and its French counterpart, Path Générale des Funds Publiques (DGFP), on Wednesday, signed a memorandum of understanding on areas of mutual pursuits and promotion of environment friendly tax administration.
That is preparatory to FIRS transitions to Nigeria Income Service (NRS) subsequent month.
Talking on the French Embassy in Abuja the place the occasion came about, Zacch Adedeji, FIRS chairman who signed for FIRS mentioned the occasion displays a shared dedication to constructing stronger, extra resilient, and extra forward-looking tax administrations for the 2 international locations.
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Marc Fonbaustier, the French Ambassador to Nigeria who signed on behalf of DGFP, emphasised the significance of collaboration between the 2 international locations.
Adedeji, in a press release by Dare Adekanmbi, his Particular Adviser on Media, listed digital transformation as one in every of such vital areas the place Nigeria can leverage France’s superior use of know-how in compliance administration, taxpayer companies, and data-driven enforcement.
In response to him, France will in return acquire “contemporary views from Nigeria’s speedy digital enlargement, our agile adoption of recent instruments, and the distinctive options we’re growing for a fast-growing, technology-driven inhabitants.”
“This two-way trade is important as each international locations adapt to rising challenges reminiscent of Synthetic Intelligence deployment, cybersecurity, and cross-border taxation,” Adedeji mentioned.
Revealing that Nigeria will intentionally have interaction extra with comparable international companions, he mentioned the partnership between France and Nigeria will allow the tax establishments to trade concepts, share improvements, and be taught from one another’s experiences.
“One other essential side is workforce growth. Whereas we look ahead to studying from France’s well-structured human capital methods, significantly in skilled requirements, steady studying, and organizational self-discipline, we additionally imagine that our expertise in managing a younger, dynamic and numerous workforce will supply helpful insights to DGFIP.
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“Collectively, we will develop fashions that strengthen institutional tradition, construct international competencies, and put together our respective establishments for the way forward for public finance administration.
“We additionally anticipate sturdy bilateral cooperation in worldwide taxation, trade of data, switch pricing, and Base Erosion and Revenue Shifting BEPS-related work.
“As financial actions turn out to be more and more borderless, the flexibility of each our establishments to collaborate, share intelligence, and harmonise approaches might be essential. This MoU supplies precisely the platform we have to deepen that cooperation.
“As Nigeria strikes into the period of the Nigerian Income Service, we see this partnership as a cornerstone of our transformation, one that may assist us construct a income administration that’s trendy, trusted, modern, and globally linked,” the assertion quoted Adedeji to have mentioned.
