Gold Emmanuel 6 days ago

Akwa Ibom plans digitalization of tax collection system in 2025

Akwa Ibom plans digitalization of tax collection system in 2025

Akwa Ibom State government has announced plans to begin full digitalization of all tax collection processes in the state beginning from the 2025 fiscal year.

The executive chairman, Akwa Ibom State Revenue Board, Okon Okon disclosed this on Sunday while briefing newsmen in Uyo after a two-day Strategic Session for the 2025 fiscal year.

He said the board in its bid to boost revenue generation in the state plans to roll out electronic assessment, e-tax clearance process, e-filing of tax returns, automation of registration and reporting processes.

He said the process would block leakages and improve Internally Generated Revenue for the state without necessarily increasing the tax paid by the people.

According to him, “we are pleased to inform our public that we will be speeding up our digitalization program next year by further expanding the automation of our processes and deepening our data-driven initiatives.

“This is to significantly improve our operational efficiency and increase the state’s IGR without increasing any tax rate.

“We are confident that without increasing any tax rate, the IGR of our state would be improved via the application of technology, increased tax awareness campaign and the expansion of the tax net to capture tax evaders.

“Therefore, our focus for the next fiscal year would be to transform our processes from a semi-manual system to full automation. We intend to achieve an end-to-end automation of all our tax processes.

“AKIRS plans to roll-out electronic assessment, e-tax clearance process, e-filing of tax returns, automation of registration, collection and reporting processes with the ultimate aim of enhancing efficiency in revenue collection, taxpayers’ experience and minimization of human interference”.

While assuring that the revenue service would be cautious not to embark on any initiatives that will stifle business growth or create an unnecessary burden on individual taxpayers, Okon said the board will upscale the ongoing tax sensitization and enlightenment campaign to raise awareness on tax payment as a civic responsibility and deepen voluntary compliance in the state

He said Akwa Ibom has been performing creditably well in its revenue profile over the years, adding that the state’s IGR rose from N34.75 billion in 2022 to N43.18 billion in 2023 as indicated in the figures released by the National Bureau of Statistics and Joint Tax Board, the apex body for tax authorities and final authority for reporting tax revenues in Nigeria.

Akwa Ibom plans digitalization of tax collection system in 2025


Author: Gold Emmanuel
17 Nov 2024 @ 17:35pm
Comments: 0


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