IGR Consulting

Internally generated revenues (IGR) are revenues generated by States within the Nigerian federation, independent of their share of revenue from the federation account.

IGR Consulting eliminates all sources of revenue leakage on all fronts especially through Taxpayers. It is also restructuring the Internal Revenue Service to make it more productive for the purpose of revenue.

IGR Consulting consists of:

  • Recruitment of staff:
    • Recruitment of staff refers to the overall process of attracting, shortlisting, selecting and appointing suitable candidates for jobs (either permanent or temporary) within an organization. IGR Consulting involves helping an organisation i.e a client source for employees that will help in the generation of revenue within the organisation.

The procedures include:

    • Step 1: Identify Vacancy and Evaluate Need
    • Step 2: Develop Position Description
    • Step 3: Develop Recruitment Plan
    • Step 4: Select Search Committee
    • Step 5: Post Position and Implement Recruitment Plan
    • Step 6: Review Applicants and Develop Short List
    • Step 7: Conduct Interviews
    • Step 8: Select Hire
    • Step 9: Finalize Recruitment
  • Training of tax officers:
    • This is done in order to keep tax officers up to date with the latest taxation standards. Tax officers have to be conversant with current tax information to be able to detect any loopholes by tax payers.
  • Conducting tax audit

The procedures include:

    • Obtain notification for tax audit letters from the RTA. This letter notifies the tax payer of the intention of the tax authority to carry out tax audit exercise for certain period.
    • Serve the tax payer the notification letter alongside the list of relevant documents to be provided during the tax audit exercise.
    • Follow up with the company’s consultant/representative and the RTA regarding the date of commencement of the audit exercise.
    • On the agreed date, the TAMA along with staff of the RTA visits the tax payer’s place of business and examine the relevant documents made available by the tax payer.
    • Necessary extractions relating to the computation of withholding tax is made.
    • A comprehensive tax audit report is prepared using Mazars consulting existing format.
    • The tax audit report (softcopy and hardcopy) is submitted to the RTA.
  • Deployment of IT Infrastructure