Taxpal debuts to simplify tax system
To provide permanent solutions to challenges confronting Nigeria’s tax system, Taxpal Nigeria, a professional tax and business advisory company has been launched.
The Chief Operating Officer, Taxpal Nigeria, Jide Banjo, at the official launch in Ikeja, Lagos, said the company is introducing a solution to make it easier for taxpayers to pay their taxes and improve tax compliance in the country.
He said the company’s focus is to simplify the tax remittance processes for individuals, small businesses and corporate organisations, by helping them to put their accounting or book keeping records in order.
“Double taxation is one of the many challenges businesses and operators are facing; some are even aware but don’t know the way out. Taxpal will help businesses to reduce the issue of double taxation from government agencies.
“As your preferred tax consultants, one of the things we want to ensure is that businesses are not being ripped off through heavy taxes that they are not supposed to pay. The regular tax filing will then increase the chances of these businesses bidding for contracts with the government and her agencies,” he said.
He assured that with its services, Taxpal will put a stop to undue harassment on tax defaulters, whose many businesses have been locked up and some could even lose much more than the tax they didn’t remit in the lock up period.
Director, Lagos Inland Revenue Service (LIRS), Shade Coker, said some people, who claimed to be law enforcers are in the habit of playing on taxpayers’ ignorance to make them pay what they should not pay.
“LIRS is committed to working with any organisation that would help to improve the level of tax compliance in the country. With Taxpal, you will understand tax better and know how much you should pay because the solution simplifies it for taxpayers,” Coker said.
Chairman of the launch, Otunba Kunle Ogundipe, said: “Taxpal solution has been tested and will be of benefit, not only to the individuals but also to the government. If Nigerians pay their taxes, it would provide funds for developmental projects, and they would be in a better position to challenge government on their duties.