Premier e-payments solution provider, eTranzact International PLC in partnership with the Federal Inland revenue service (FIRS) at an event in Lagos launched a new payment gateway www.payfirs.net to boost tax collection and ensure transparency as part of the mandate to collect N4.89 trillion for 2017.
Payfirs.net allows a taxpayer to pay online or at a bank branch, print receipts and credit notes, track withholding tax payments by partners, verify company details and other services essential to tax collection.
In addition to its custom features, it also has a self-policing feature that removes the complexity of administering certain tax types like withholding tax.
The platform which was first deployed to partners earlier in the year has already attracted a significant increase in collections for FIRS allowing it to be opened up to more organisations.
In attendance at the event were the Chairman of FIRS, Mr Tunde Fowler, CEO of eTranzact, Mr Valentine Obi as well as bank units heads responsible for collections.
Speaking about the platform, Chairman of FIRS, Mr Tunde Fowler said he was excited about how the platform would help simplify tax collection for the country. He charged the banks to ensure massive adoption by them and customers as they have a huge responsibility in the value chain.
Also speaking about the benefits of the platform, Mr Valentine Obi, CEO of eTranzact talked about the unique features which had come from a deep analysis of the entire tax value chain to eliminate barriers to efficient tax collection and payment in Nigeria.
He also explained how the online gateway payment technology and BANKIT payment innovation, have created a tax collection system that is simple to understand and easy to administer in addition to being highly transparent.