FIRS boss tells Commonwealth tax administrators

Zacch Adedeji, the President of the Commonwealth Association of Tax Administrators, and Chairman of the Federal Inland Revenue Service, has urged for increased capacity building to enhance tax administration processes among its members.

According to Dare Adekanmbi, the Special Adviser on Media, on Wednesday, Adedeji made the call in his remarks at the opening of the CATA management meeting held at Marlborough House, Pall Mall, London.

He said that expanding the capacity of tax personnel in CATA member countries would empower them to deal with the challenges that have negatively impacted the tax administration landscape globally.

Adedeji noted that rapid advancement in tax technology presents both opportunities and threats, and also called for further adoption of technology to improve tax processes.

Furthermore, the rapid advancement in tax technology and digitization has presented both opportunities and challenges for tax administrators worldwide. The discussions surrounding pillars one and two of the Organisation for Economic Cooperation and Development have the potential to redefine international tax rules.

Additionally, the landmark tax convention resolution at the United Nations Assembly has underscored the importance of international cooperation and inclusivity of all in addressing tax challenges. In light of these developments, it has become increasingly evident that the need for improved and more comprehensive capacity building for CATA members is paramount,” he said.

Adedeji added that it had become imperative for member nations to be knowledgeable and have the necessary skills to understand the evolving discussions and contribute to the formulation of transparent and beneficial rules for our respective jurisdictions.

Moreover, we must be prepared to effectively implement these rules once they are concluded, to ensure their successful integration into our tax administration frameworks and maximise the benefit they will bring,” he declared.

Adedeji commended the management committee and members who had agreed to host the body’s programmes in 2024, describing such commitment as a testament to the devotion to the success of the association’s strategic plan.

The management meeting had in attendance tax administrators from the United Kingdom (His Majesty Revenue and Customs), Canada, Australia, Malaysia, Barbados, Papa New Guinea, Ghana, Lesotho, Maldives, Uganda, Mauritius, Nigeria and others.

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

Popular Related

13 banks require N3.31 trillion to meet CBN requirement

With the Central Bank of Nigeria (CBN) increasing capital requirements for commercial banks, 13 lenders need to raise approximately N3.31 trillion in fresh capital...

Yabatech gets N3.5bn entrepreneurship centre

In an act to foster development in the educational sector, Tunde Fanimokun, the Retired Permanent Secretary of the Lagos State Civil Service, has donated...

NACCIMA appoints vice chairman for digital economy

Dele Odufuye, has been appointed as the Vice Chairman of its Digital Economy, Gaming, and Sports Betting Trade Group, by the Nigerian Association of...

Binance halts naira services amid regulatory concerns

Crypto exchange, Binance, has disclosed that it will cease services supporting naira on its platform. Wakadaily learnt that Binance, which had been accused of manipulating...

CSCS posted N19bn revenue in 2023

The Central Securities Clearing System (CSCS) Plc recorded gross earnings of N19 billion, representing a remarkable 65.2% increase in its 2023 financial year when...

Alternative Bank encourage rural economic growth in Kastina

The Alternative Bank's mission of empowering local businesses and promoting sustainable development across the state through inusual financial solutions has been supported by the...

Heirs Holdings launches tech subsidiary

Heirs Holding Investment Company, has declared the launching of a new subsidiary, Heirs Technologies Limited, which is aimed at transforming and empowering Africa's digital...

Govt to patronise local electricity equipment manufacturers

Adebayo Adelabu, the Minister of Power, has reiterated the Federal Government’s resolve to patronize local manufacturers, especially in the power sector. According to a statement...

NIN-SIM Linkage: NCC extended deadline

The National Association of Telecoms Subscribers (NATCOMS) has urged the Nigerian Communications Commission (NCC) to extend the deadline for blocking unlinked subscribers to March...

Pan African Towers announces Oladipo Badru as the new CFO

Pan African Towers,  Nigeria’s leading provider of digital infrastructure, has disclosed the appointment of Oladipo Badru as its new Chief Financial Officer. The appointment was...