Nigeria Income Service (NRS) says its substitute with the defunct Federal Inland Income Service (FIRS) will overhaul the structure of the nation’s income administration.
The Govt Chairman of NRS, Dr Zacch Adedeji, mentioned this in a tv interview monitored from Abuja.
The Information Company of Nigeria (NAN) studies that the availability of the just lately enacted tax reform legal guidelines modifications the nomenclature of the nation’s apex tax authority from FIRS to NRS.
In keeping with Adedeji, NRS is just not branding. It’s a complete institutional improve shifting from fragmented income administration to a contemporary, digitalised, centralised and intelligence-driven system.
He mentioned that underneath the brand new framework, a number of tax and revenue-related features beforehand unfold throughout companies have been consolidated, with a stronger emphasis on information integration, automation, and lowered human discretion.
He dismissed allegations that the nation’s newly enacted tax reform legal guidelines have been altered after passage by the Nationwide Meeting.
“Solely the formally gazetted Acts carry authorized authority and are binding on taxpayers and directors,” he mentioned.
The NRS boss mentioned that an Act of the Nationwide Meeting solely grew to become efficient after Presidential assent and official gazetting, with the gazetted model constituting the authoritative textual content within the occasion of disputes.
“Income companies, courts, and taxpayers are subsequently guided solely by the gazetted legislation, not draft payments, committee studies or chamber debates.
“Neither the chief nor the income authority has any incentive or authorized capability to change the legislation after passage,” he mentioned.
Adedeji mentioned that the overhaul of the NRS can be designed to assist the Federal Authorities’s broader fiscal targets.
Accrding to him, Nigeria’s tax-to-GDP ratio has improved in recent times, rising to about 13.5 per cent as at October 2025.
“Nevertheless it stays beneath the African common and properly wanting ranges seen in peer rising markets,” he mentioned.
Adedeji mentioned that the general goal is on taxing earnings and returns quite than capital or funding.
“We aren’t going to tax poverty; we need to tax prosperity,” he mentioned.
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