E' Tax policy yield success

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'eTax has drastically reduced cost of compliance for taxpayer

ByLine: Oladokun Shadiat Morenikeji 

Edited by:Kareem Afis Olayinka

Published by:Oladokun Shadiat Morenikeji 


31 October 2022

News read: Lagos State Internal Revenue Service (LIRS) recently migrated from the electronic banking system (EBS-RCM) to tax Optimisation platform. 



What is the justification for the decision to migrate to the eTax platform?

The eTax application is one of the latest revolutionary technologies the agency has introduced in Lagos State. It is meant to replace the legacy application system, EBS RCM. The eTax application is end-to-end tax administration software that allows us to digitise and automate all our tax processes, from enumeration, registration, payment, and audit to filing of annual returns. It is also used for assessment by taxpayers and, more importantly, enables them to interact with us. Essentially, it is an end-to-end tax administration's software that serves all agents.

Was anything wrong with the EBSRCM?

There was nothing wrong with the old system. We had to move with the trend. If you look at the ease of doing business ranking, tax administration is a major assessment parameter. Lagos State has always been a reference point on how Nigeria can increase its ranking in the ease of doing business. If Lagos is a reference, we therefore need to consistently enhance our processes through automation.

 Secondly, we also looked at the legacy application that we were using and noticed that a lot of taxpayers used multiple tities So we need to be able to uniquely identify every taxpayer within the tax net, which was why we were using things like Bank Verification Number (BVN) and National Identity Number (NIN) to identify each taxpayer. eTax is more efficient in uniquely identifying each of the taxpayers.

Source:Guardian Newspapers 




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