Regulatory Alerts2010-02-04 | BOD/PSV2020/OPS/152Draft Guidelines for Electronic Payments of All Forms of Taxes at All Levels of Government
This document presents a policy framework for the implementation of an Integrated Tax Administration System (ITAS) in Nigeria. The ITAS will streamline tax administration by integrating federal, state, and local government taxes into one platform, managed by a centralized Tax Authority. The goals are to improve tax collection efficiency, reduce corruption, and simplify tax compliance for both citizens and businesses. The policy emphasizes the use of modern technology, including electronic filing and payment systems, to facilitate ease of use and prevent fraudulent activities. It also highlights the importance of public awareness campaigns and educational initiatives to inform citizens about their tax obligations and promote voluntary compliance. The document specifies various types of taxes to be collected at each level of government (federal, state, and local), along with relevant enforcement mechanisms. The policy outlines a vision for Nigeria's tax system by the year 2020, which includes creating an electronic platform for tax filing and payment, improving taxpayer services, developing robust data analytics tools to monitor tax collection trends, and adopting international best practices in tax administration. Overall, this ITAS policy framework aims to transform Nigeria's tax system into a more efficient, transparent, and equitable structure that supports the nation's economic growth and development goals.