TAXPROMAX’S EFFECT ON TAXPAYERS WITH REGARD TO TAX FILINGS
The FIRS’s attempt to require taxpayers to file their yearly returns on TaxPro-Max only a month before the June 30, 2021, deadline for CIT filing has left taxpayers with a sour aftertaste despite the project’s good intentions to give them a straightforward return filing and tax remittance process. The TaxPro-Max website was made specifically for submitting taxes (value added tax, withholding tax, withholding VAT, and corporations’ income tax), remittances, and a database for proving taxpayers’ withholding tax (WHT) credit position. Additionally, the TaxPro-Max web platform will ensure that Nigeria’s tax system is properly managed to increase the country’s internally generated revenue (IGR). Additionally, it represents a nice improvement over interacting with tangible files.