Edo Organises Workshop On Tax Identification Number Regulations | Independent Newspapers Limited
Newsletter subscribe

Niger Delta

Edo Organises Workshop On Tax Identification Number Regulations

Posted: May 28, 2015 at 12:49 am   /   by   /   comments (0)

By Francis Onoiribholo /  Benin


The challenge of obsolete and manually obtained taxpayer’s data in tax administration can only be curbed through an effective implementation of Tax Identification Number (TIN) regulations.

This was the crux of a communiqué issued at the end of the sensitisation workshop on TIN Regulations 2014, organised by the Edo

State Internal Revenue Service (EIRS) in Benin City.

The communiqué noted that the primary objectives of TIN, premised on reliable and centralised data base for tax authorities in the country, would lead to an increased revenue base for the three tiers of government.

The workshop, which was moderated by Justice Joy Oghogho Okeaya-Inneh, said that taxpayers in line with TIN regulation/Personal Income Tax Acts  (PITA) are expected to make their TIN available in the form of transaction involving income taxes.

It pointed out that the harmonisation derivable from the central data base would help to mitigate the challenges posed by multiple taxation in the country, adding that the availability of TIN information would no doubt widen tax base, enhance tax compliance and reduce cost of tax collections.

It lamented that while most banks comply with the requirements of submitting information of newly opened bank accounts, the requirement for the supply of TIN was not being enforced.

The workshop advocated stiff penalty for tax officers who supply wrong information, just as it maintained that the violation of the provisions of TIN regulations was punishable under Section 13 of the TIN Regulation Act.

The workshop urged tax authorities to look into the challenges posed by TIN regulations.

It further recommended that tax officers should ensure they use available legal means to ensure that taxpayers within their jurisdictions obtain the TIN.

The workshop stressed the need for continuous training and sensitisation with a view of incorporating other tax stakeholders.