Market News

By Nduka Chiejina

The Federal Inland Revenue Service (FIRS), has introduced a new Tax Administration Solution (TaxPro-Max) for ease of tax compliance.

With this new solution, “all Naira-denominated tax returns are to be filed via the TaxPro-Max Solution in order to generate the obligatory Document Identity Number (DIN).”

A statement from the FIRS said “taxpayers will not be able to pay without DIN; as such taxpayers wanting to submit their tax returns manually must visit the relevant tax office where FIRS personnel will be on hand to assist them to upload the returns and generate the DIN.

The “TaxPro-Max solution enables seamless registration, filling, payment of taxes and automatic credit of withholding tax as well as other credits to the Taxpayer’s accounts.

TaxPro-Max also provides a single-view to Taxpayers for all transactions with the Service”. The TaxPro-Max platform is accessible at www.taxpromax.firs.gov.ng

“In view of the time it might take to upload manual returns and generate the DIN, taxpayers are encouraged to bring manual returns for upload, at least, two weeks before the due date; Qualified Personnel of the Service are on hand to assist taxpayers experiencing challenges in filing returns on the TaxPro-Max. They may be reached via email, [email protected],” the FIRS said.

It added; “Taxpayers yet to get their user credentials are urged to visit the nearest FIRS Tax Office to be on board immediately.

“As from 7th June 2021, the TaxPro-Max becomes the channel for filing Naira-denominated tax returns in the country.”