TAX GENERATION
Department: REVENUE
CBT Required
Job Description
Tax generation is the process by which governments, such as Nigeria's Federal Inland Revenue Service (FIRS), collect revenue through direct and indirect taxes to fund public services and infrastructure. Key sources include Company Income Tax (CIT), Personal Income Tax (PIT), Value Added Tax (VAT), and Petroleum Profit Tax (PPT), aiming to reduce reliance on oil and boost non-oil
Job Requirements
Key Aspects of Tax Generation
Primary Goal: To generate income for government expenditures like health, education, and security, especially as non-oil revenue (e.g., VAT, customs duties) has surpassed oil in some periods.
Methods: Key taxes include PIT on individuals, CIT (usually 30%) on company profits, and VAT on goods and services.
Reforms & Digitalization: Modernization, such as Tax Digitization in Nigeria, improves collection efficiency and expands the tax base to include the informal sector.
Taxpayer Categories: Revenue is generated from both individuals and corporate entities, including multinational corporations.
Impact: Effective tax generation supports economic growth, reduces public debt, and ensures fairer, more sustainable development.
Primary Goal: To generate income for government expenditures like health, education, and security, especially as non-oil revenue (e.g., VAT, customs duties) has surpassed oil in some periods.
Methods: Key taxes include PIT on individuals, CIT (usually 30%) on company profits, and VAT on goods and services.
Reforms & Digitalization: Modernization, such as Tax Digitization in Nigeria, improves collection efficiency and expands the tax base to include the informal sector.
Taxpayer Categories: Revenue is generated from both individuals and corporate entities, including multinational corporations.
Impact: Effective tax generation supports economic growth, reduces public debt, and ensures fairer, more sustainable development.
Required Qualifications
igital/Carbon Tax: VAT from foreign digital platforms is now automated (exceeding ₦600 billion in 2025), while a new carbon market framework is projected to generate over $3 billion annually by 2030.
NRS: The FIRS has transitioned to the Nigeria Revenue Service (NRS), targeting ₦40.71 trillion in collections for 2026.
NRS: The FIRS has transitioned to the Nigeria Revenue Service (NRS), targeting ₦40.71 trillion in collections for 2026.