Sat. Nov 23rd, 2024

Interswitch Boosts Electronic Tax Payment in Nigeria

Electronic Tax Payment

By Modupe Gbadeyanka

The payment of tax in Nigeria has been made easier by Interswitch Group through its payment gateway called PayDirect.

Recently, the Federal Inland Revenue Service (FIRS) announced the introduction of an electronic tax payment system called TaxPro Max.

The e-filing platform was launched on June 7, 2021, and it was designed to enable taxpayers to file all naira denominated tax returns through its robust and government-approved payment gateway.

This was made possible with the partnership between the government and private organisations and for Interswitch, it was in fulfilment of its commitment to delivering seamless payment solutions to customers.

Taxpayers and tax consultants can file the tax return on FIRS TaxProMax available on https://taxpromax.firs.gov.ng/, they will then be required to click on the Interswitch logo to generate the Document Identification Number (DIN) before making payment using Interswitch Paydirect at any bank branch nationwide or pay online via Quickteller Mobile App/Web.

Commenting on the consolidation of the partnership with the FIRS, Ms Chinyere Don-Okhuofu, Interswitch Group’s Divisional CEO for Industry Ecosystem Platforms remarked Interswitch is committed to supporting the FIRS to deepen effective tax collection, which is critical to national economic prosperity through its robust digital payment platform.

She said, “In furtherance of our commitment to support the Federal Government in driving efficient and accountable revenue collection across all touchpoints, we are delighted to consolidate our existing partnership with the FIRS in delivering seamless payment collections and reporting to complement the improved TaxProMax platform.

“The continued partnership between Interswitch and the FIRS, which dates back as far as 2005 when Interswitch pioneered electronic tax collections for the Federal Government of Nigeria is an attestation of our commitment to delivering robust and efficient payment solutions and a confirmation of the agency’s trust in our solutions.”

FIRS has modernised its tax administration and collection processes. We believe that the ease accompanied by the new platform will enhance tax compliance.

In addition, leveraging proven payment solutions such as Interswitch’s makes the platform consistent with global standards. We, therefore, encouraged taxpayers to pay all their Naira-dominated tax returns through the Interswitch portal.

Ms Don-Okhuofu stressed the need to strengthen the digital payment landscape through innovative payment solutions such as TaxPro-Max to drive the much-needed transformation in the Nigerian economy.

The new TaxPro-Max e-filling platform was developed to specifically aid seamless registration, filing, payment of taxes and automatic credit of withholding tax as well as other credits to the taxpayer’s account, among other features. TaxPro-Max also avails taxpayers of a single view for all transactions with the service.

By Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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