FIRS Partners Commonwealth Tax Administrators To Build Capacity.

FIRS Partners Commonwealth Tax Administrators To Build Capacity.

President of the Commonwealth Association of Tax Administrators, and Chairman of the Federal Inland Revenue Service, Zacch Adedeji, are calling for increased capacity building to enhance tax administration processes among its members.

Special Adviser on Media, Dare Adekanmbi, who disclosed this after Adedeji remarks at the opening of the CATA management meeting held at Marlborough House, Pall Mall, London said, expanding the capacity of tax personnel in CATA member countries would empower them to deal with the challenges that have negatively impacted the tax administration landscape globally.

The CATA president, who also called for further adoption of technology to improve tax processes, said, rapid advancement in tax technology presents both opportunities and threats, adding that,  the rapid advancement in tax technology and digitization has presented both opportunities and challenges for tax administrators worldwide, while, discussions surrounding pillars one and two of the Organization for Economic Cooperation and Development have the potential to redefine international tax rules.

He also commended the management committee and members who had agreed to host the body’s programmes in 2024, describing such commitment as a testament to the devotion to the success of the association’s strategic plan.

The management meeting had in attendance tax administrators from the United Kingdom, Canada, Australia, Malaysia, Barbados, Papa New Guinea, Ghana, Lesotho, Maldives, as well as Uganda, Mauritius, Nigeria and others, who discussed how to expand tax revenue annually based on the profit thresholds of companies that do not operate physically in countries but make sales from such countries through digital platforms or other means.

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