Taxes & Tariffs | |
Taxes & Tariffs | |
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Thursday, June 20,
2019 / 03:50PM / Deloitte / Header Image Credit Business Korea
The Lagos State Internal Revenue
Service (LIRS) has issued a public notice (the Notice) on its intention to
integrate the LASG-EBS Taxpayer Identification Digit (PID) module into the
National Tax Identification Number (TIN) system with the Joint Tax Board (JTB).
The TIN module is biometrics-based, with the aim of ensuring identity
uniqueness for taxpayers.
The proposed integration is set to
achieve the following objectives:
· Facilitate
smooth sharing of taxpayers’ data for JTB, State Board Internal Revenue
Services (SBIRS’s) and other stakeholders
·
Remove
the incidence of multi payer ID
·
Simplify
the taxpayers’ registration process
·
Provide
a unified taxpayer database
·
Ease
the tax payment process
The Notice states that going forward,
access to LASG-EBS platform for all transactions including but not limited to
registration and creation of payer ID for new taxpayers, payment of taxes and validation
of taxpayers’ profile shall compulsorily require taxpayers’ Bank Verification
Number (BVN). The BVN provides LIRS the fastest and least disruptive route to
achieving the planned integration with the JTB-TIN system.
Based on the above, all self-employed
individuals are required to provide their BVNs to LIRS in order to assist in
the creation of their unique PID. Corporate organisations are also required to
ensure that their employees who qualify for tax clearance certificate include
their BVN in their individual e-TCC forms.
The integration is expected to provide
LIRS with a more reliable taxpayers’ database which will improve planning,
reduce tax evasion and invariably increase tax revenue.
In an attempt to address the potential
reluctance of taxpayers to share personal and confidential information, LIRS
has assured taxpayers of the safety and security of all data/information in its
custody. Please click here for a copy of
the public notice. We will continue to monitor developments on this issue and
share further updates with you as they become available.
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