The Federal Government has called for the integration of the National Identification Number (NIN) and Tax Identification Number (TIN) to streamline access to information for taxable income and curb tax evasion.
This initiative was highlighted by the Minister of Interior, Dr Olubunmi Tunji-Ojo, during a courtesy visit from the Secretary of the Joint Tax Board (JTB), Mr Olusegun Adesokan, in Abuja on Monday.
In a statement released by Mr Ozoya Imohimi, the Director of Press and Public Relations of the ministry, Dr Tunji-Ojo emphasized the importance of using technology to unify NIN and TIN, making it harder for individuals to evade taxes.
He advocated for stronger cooperation between key agencies like the JTB and the Nigerian Immigration Service (NIS), likening their relationship to that of “Siamese twins” to enhance efficiency and effectiveness in tackling tax evasion.
Dr. Tunji-Ojo further highlighted the persistent issue of tax evasion, noting that unifying NIN and TIN would create a robust system that discourages tax evasion by making it technologically challenging.
The Minister called for a seamless partnership between the JTB and NIS to achieve significant outcomes, particularly in addressing tax evasion by expatriates at both state and federal levels.
”The integration would mean that NIN serves as a unique security identifier displaying tax status and other relevant information, thus ensuring better tracking and management of taxable entities,” he stated.
Dr. Tunji-Ojo urged the JTB to develop solutions for harmonising data and identity systems, advocating for the adoption and implementation of advanced technology to support this initiative.
On his part, Adesokan expressed the need for further collaboration with the Ministry of Interior on capacity building and discussions on expatriate data and tax-related issues.
In a related development, the Manufacturers Association of Nigeria (MAN) has voiced concerns over the detrimental effects of multiple taxation on manufacturers across Nigeria and their participation in the African Continental Free Trade Area (AfCFTA) agreement.
Segun Ajayi-Kadir, the Director General of MAN, addressed the ongoing annual tax conference of the Chartered Institute of Taxation of Nigeria in Abuja, highlighting the challenges faced by manufacturers due to increased taxation for Internally Generated Revenue.
According to him, the situation has resulted in heavier tax burdens than anticipated, impacting manufacturers’ profitability and competitiveness.
