The Federal Inland Revenue Service (FIRS) has revealed plans to significantly increase its tax revenue collection by 57% to N19.4 trillion.
This is according to reports from Bloomberg.
According to the document quoted by Bloomberg, the FIRS hopes to increase its oil revenues to N9.96 trillion with non-oil tax revenue at N9.45 trillion.
To achieve this, the FIRS plans to enhance efficiency and tax compliance by restructuring its organizational framework to prioritize taxpayers and implementing additional automation measures for tax collection, as outlined in the document.
