The Federal Inland Revenue Service , has signed a Memorandum of Understanding with Lagos Internal Revenue Service on joint tax audit, investigation and automatic exchange of information.
He said that the event was witnessed by the Minister of State, Budget and National Planning, Prince Clem Agba and Gov. Babajide Sanwo-Olu of Lagos. Nami said that the presumptive tax would be for the purpose of Personal Income Tax and Ground Rent administration in Lagos State.“There are certain things we know as FIRS and would like to share with the State Inland Revenue Service. And there are also areas of specialisation you have that we expect you to share with us through capacity building.
According to him, civilisation globally does not happen by accident, but people or citizens of various jurisdictions, states and countries globally make it happen through the taxes they pay. Nami appealed to the Lagos State government to continue to give the residents, particularly taxpaying residents value for the taxes they pay.
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