The Federal Capital Territory Internal Revenue Service (FCT-IRS) is to deploy artificial intelligence to facilitate voluntary tax compliance in 2024.

The acting Executive Chairman of the service, Mr Haruna Abdullahi, made this known during the FCT-IRS end-of-year media briefing, in Abuja on Wednesday.

Abdullahi added that other technology solutions to be deployed include cloud computing, collaboration tools, business process automation and data analytical tools.

According to him, the goal is to improve performance of routine tasks, aimed at encouraging voluntary compliance and ease of doing business.

He explained that from inception, the emphasis has been on driving the Service using technology, adding that the Service has invested in modern working tools such as hardware and software.

“The Service will further employ the use of technology to enhance operations mainly in compliance, enforcement.

“We will also seek to consolidate the culture of transparency and accountability in order to build trust and cooperation between the service and the taxpayers.

“The processes of registration, payment, receipt, assessment, Tax Clearance Certificate (TCC) issuance, filing of returns, TCC verification, and generation of withholding tax credit notes have all been automated.

“Also, to encourage voluntary compliance and to allow taxpayers perform their tax obligations at the comfort of their homes or offices, the FCT-IRS introduced a Self-Service portal, www.fctirs.gov.ng.

“This enables taxpayers to request for Taxpayer Identification Number (TIN), file annual returns, make payment and request for TCC,” he said.

The acting chairman added that the Service would, in accordance with the tax laws, apply a penalty for non-filing of annual returns by January 31 of every year for employers and March 31 of every year for individuals.

According to him, part of the effort is to ensure compliance with filing of returns.

He added that a comprehensive reassessment of returns would be intensified, which would be followed by constant monitoring and compliance exercises.

He also said that to comply with the ease of doing business initiative, the Service would open more tax offices across the six Area Councils in FCT and at strategic locations.

This, he said, would ensure convenience of the taxpayers and further streamline services, making the tax offices accessible to a broader population and contributing to overall organisational growth.

“Additionally, a state of the art headquarters will be constructed, not only to provide for coordination of operations but also reflect our commitment to excellence.

“To attract and retain young talents, the Service will embark on providing targeted training programmes towards ensuring employees stay updated with industry trends.

“We will also be providing staff with modern working tools to foster efficiency and innovation,” he said.

Abdullahi disclosed that from January 2024, the Service would embark on intensive enforcement exercise in line with the provisions of extant laws.

He added that the Service would not only hesitate to prosecute tax offenders through the instrumentality of the law but would ensure that all tax due to FCT were recovered. (NAN)

The Federal Executive Council, FEC, on Wednesday approved a 30 day implementation plan for the Memorandum of Understanding, MoU between the Federal Government and the Organized Labour.

The government also is taking a decision against any external interference in unions activities by external bodies.

This is as the Minister of Labour and Employment, Simon Lalong alongside the Minister of State, Nkeiruka Onyejeocha have met with the factional leaderships of the National Union of Road Transport Workers, NURTW.

Briefing State House correspondents at the end of the Federal Executive Council, FEC, presided over by President Bola Tinubu, at the Council Chamber, Presidential Villa, Abuja, Lalong said a Memorandum was presented to the council on the implementation of the agreement with labour.

He said, “We presented a memo from the Federal Ministry of Labour and Employment and the memo was basically on the agreement between government and the labour. You are already aware that 15 items are parts of the agreement.

“But we went beyond mere agreement, we told them that something different this time is happening because one, part of the agreement is to file it in the court of law which we have set the process already.

“And the other one was the presidential approval. There cannot be any presidential approval more than the Federal Executive Council. So we presented them to the Federal Executive Council. We analyzed each and every aspect of the agreement and to show the genuineness and also provide for harmonious and good industrial relationship and that was why it was presented and it was approved for implementation.

“It was agreed that within 30 days, there must be evidence of implementation and that was the basis of presenting to the Federal Executive Council the memo and the Federal Executive Council also approved it and within this 30 days, we will go on with the implementation of the agreement between labour and government.”

Fielding on the item six of the MoU which was the government alleged interference in the activities of the democratically elected leadership of the National Union of Road Transport Workers, NURTW and the mandate to him (Lalong) to resolve the crisis in the union on or before October 13, the Minister said he had already met with the various factions

He said, “Item six in the MoU is about interference specifically with issues that were about road transport workers. Immediately the next day, we embarked on meetings between the two organisations.

“As of today, they have already reached out and have concluded that of Road Transport Employers Association of Nigeria, RTEAN, today they are making a report to the ministry about their agreement because they went into agreement too and we are also going to get back to their parent association.

“The next one is the NURTW. Last week we were with them. Of course if some of you were there, you knew why we postponed it, I reminded them that we are keeping to the date of the agreement but they said they cannot strictly keep to the date because it is very important to them that we realized the aim. So we shifted the meeting till tomorrow. Today, we are going to get the report, by tomorrow we will fix a meeting.

“The reason why we presented these items to the Federal Executive Council is for them to note and approve that after these things we will not want to be tolerating interference into union activities.”But those that are pending are within the Federal Ministry of Labour and Employment. Our own is to dispense with conflicts and we are going to continue to do that and these two items we have mentioned, were really the particular things they hammered on when we met. By God’s grace in the next few days, those ones are going to be sorted out.”

The Secretary to the Government of the Federation (SGF), Sen. George Akume has called on banks to follow  provisions of the Fiscal Responsibility Act (FRA) when lending to Governments in the Federation and their institutions.

A statement by Bede Anyanwu, Head of Strategic Communications at the Fiscal Responsibility Commission (FRC) said Akume made the call in a keynote address at a Stakeholder Dialogue on Saturday in Lagos.

He said dialogue was aimed at promoting fiscal discipline.

Akume was represented by a staff in the SGF`s Office,  Dr. David Eze.

The SGF affirmed that following the rule was to ensure that borrowing was done the right way for the right reasons to improve fiscal sustainability.

He  encouraged  all  stakeholders  to  commit  to  more  prudent management of public finances to achieve desired outcomes.

The Executive Chairman of the FRC, Victor Muruako equally called on all Nigerian banks to adhere to the provisions of  the FRA  2007  in  their  lending  practices  to government and its agencies.

“The Fiscal Responsibility Act 2007 is Nigeria’s foremost legal framework for the  promotion,  monitoring  and enforcement  of fiscal discipline.

“It stipulates in Section 45(2), that lending by banks to governments or their agencies in contravention of the provisions  of  the  Act  shall  be  unlawful.

“PART  X  of  the  act  provides  guidelines  for borrowing by government agencies and public institutions, including the requirement for obtaining the necessary approvals and proof of compliance to ensure the sustainability of loans.

“Recognising the critical role that loans play in driving socio-economic development, the FRC  brought  banks  together  with  regulators,  policy  makers  and  government  in  the Stakeholder  Dialogue  to  highlight the  provisions  of the  FRA  on  responsible  lending.

“Discussions focused on measures to enhance compliance to improve the nation’s debt management practices,” the statement said.

The FRC boss emphasized the importance of compliance with the FRA to improve loan performance, to maintain macro-economic stability.

“We  are  committed  to  good  corporate  governance,  fiscal  stability  and  the pursuit of economic development to improve the lives of citizens while improving our nation’s   viability.

“We,   therefore,   enjoin   all   stakeholders   to   support   the   bold macroeconomic reform initiatives of the administration of President Bola Ahmed Tinubu  by  ensuring  more  fiscal  discipline  in  line  with  the  provisions  of  the  FiscalResponsibility Act 2007 (FRA) .”

The chairman said that the  provisions  of the  FRA  serve to  keep the  lender, borrower, regulator, evaluator, assessor, and indeed the beneficiary of public sector loans on the same page.

Mr. Greg  Jobome, Executive   Director,   Risk Management Division, Access Bank who responded   on   behalf  of  the   banks. Said  they will continue to work together with  stakeholders  to    foster  responsible lending  practices, transparency, and accountability.

The FRC Stakeholder Dialogue brought together a diverse group of participants including banking Institutions, government representatives, economists, academics and experts in fiscal governance.(NAN)