The Corporate Affairs Commission (CAC) and Federal Inland Revenue Service (FIRS) have agreed to reinvigorate their existing collaboration towards fulfilling their statutory roles.
The two agencies indicated this laudable plan on Wednesday during a visit by the CAC Registrar General/CEO, Hussaini Ishaq Magaji, to the FIRS Executive Chairman, Mr. Zacch Adedeji, at Revenue House in Abuja
Magaji said the visit was to further strengthen the existing collaboration between his commission and te federal revenue agency, especially in revenue generation capacity.
The Registrar-General, who spoke on the Commission’s mandate vis-à-vis its relationship with the FIRS, noted disclosed that the CAC had created a platform for integration with the FIRS, thereby making the process of business registration seamless.
The CAC boss also spoke on the need to capture and formalise the growing number of unregistered online businesses to boost the country’s revenue.
In his remarks, the FIRS Executive Chairman, aligned his views with the Registrar-General’s on the need for inter-agency relationship in order to make FIRS perform better.
According to him, the federal revenue agency relies on the CAC to drive voluntary compliance by obtaining data from the Commission.
Adedeji, who congratulated the Registrar-General on his recent appointment, stressed the need for the two agencies to reinvigorate their existing standing technical committee to interface more to engender capacity building.
In his brief comments, the FIRS Coordinating Director, Digital and Information Support Group, Chiaka Ben-Obi, said the TIN was now generated for all entities upon registration, unlike in the past when the tax body supplied the commission with the TIN.
While commending the CAC on the online electronic submission of audited accounts innovation, the tax expert said the FIRS was studying the possibility of having an interface with the Commission in that regard.
