The Joint Tax Board (JTB), yesterday, said it aims to achieve tax base of 45 million people by the end of the third quarter of this year (Q1’19).
Chairman, JTB, Mr. Babatunde Fowler, disclosed this during the South-West flag-off ceremony of the Tax Identification Number (TIN) Registration System and Consolidated National Taxpayers Database. Speaking on the benefits of the new TIN registration system, Fowler said: “We believe that the new system will reinforce the laudable efforts of this administration towards building a robust tax-revenue administration system, promoting a tax-friendly environment and ensuring a sustainable and inclusive economy for all Nigerians.
“We are confident of this because the last four years have seen a number of modest milestones in tax-revenue administration, some of which include: Expansion of the tax base from 10 million to 20 million taxpayers with the potential for an increase of up to 45 million before the end of the third quarter of 2019. Read more