FIRS Urges Banks to Close All Unauthorised Tax Collection Accounts

The Federal Inland Revenue Service (FIRS) has issued a directive to banks, demanding the immediate identification and closure of any unauthorized tax and levy collection accounts not compliant with the TaxPro Max platform.

TaxPro Max is an indigenous tax administration tool designed to streamline tax-related processes including taxpayer registration, filing, payment, and the issuance of tax clearance certificates.

In a public notice signed by FIRS chairman Zacch Adedeji and shared by his Special Adviser on Media, Dare Adekanmbi, the agency emphasized that this measure aims to enhance transparency and efficiency in tax collection while ensuring consistency in the reconciliation of tax payments.

The notice, titled ‘Directive to Close Unauthorised FIRS Tax Collection Accounts,’ states, “Effective immediately, all tax and levy collections on behalf of FIRS must be processed exclusively through assessments raised on the TaxPro Max platform.”

“All banks participating in the FIRS Collection, Remittance and Reconciliation Scheme are required to adhere to this directive within the specified timeframe.”

The statement highlighted the importance of cooperation from banks to facilitate a smooth transition to this centralized system, thereby promoting a more transparent and efficient tax collection process.

Taxpayers and other stakeholders are encouraged to contact the Revenue Accounting and Refund Department (RAAD) at FIRS for any inquiries or assistance regarding this new directive.