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President Muhammadu Buhari has said the 2021 Finance Act empowers the Federal Inland Revenue Service, FIRS, to administer tax for the Federal Government.
President Buhari made this disclosure during the second National Tax Dialogue Week, in Abuja on Tuesday.
He stated that the clarification is to save taxpayers from being burdened with multiple tax compliance obligations.
The President expressed concerns over the dwindling revenues from commodities, noting that there is an urgent need to maximize domestic revenue within the extant tax policy and laws.
