Tax Compliance and Evasion Detection by FIRS

Introduction: In the digital age, technology is transforming every facet of our lives, and tax administration is no exception. The Federal Inland Revenue Service (FIRS) in Nigeria has embraced technological advancements to revolutionize tax compliance and enhance the detection of evasion. This article explores how technology is reshaping the landscape of tax administration, making processes more efficient, transparent, and effective. Digital Transformation in Tax Administration: Revolutionizing Tax Compliance: Enhancing Evasion Detection: Challenges and Considerations: While the integration of technology offers numerous benefits, it also presents challenges. Ensuring data security, addressing issues of access and connectivity, and managing the transition for businesses and individuals are important considerations. Conclusion: The adoption of technology by FIRS is a significant step towards creating a modern, efficient, and transparent tax administration system. The integration of advanced data analytics, e-filing platforms, and other technological solutions not only facilitates tax compliance but also strengthens FIRS’ ability to detect and combat tax evasion. As technology continues to evolve, FIRS remains at the forefront of innovation, leveraging digital tools to build a fair and robust tax system for the benefit of Nigeria’s economic development. For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Sunmola David & CO (Chartered Accountants & Tax Practitioners) at Lagos, Ogun state Nigeria offices, www.sunmoladavid.com. You can also reach us via WhatsApp at +2348038460036.