The acting chairman of the Federal Inland Revenue Service (FIRS), ZACCH ADEDEJI, has dispelled fears being expressed by corporate organisations that the resolve of the agency to increase the country’s tax-to-GDP ratio to 18 per cent from 10.86 will lead to an increase in taxes.

ADEDEJI said such resolve would not necessarily lead to an increase in taxes or the introduction of new taxes as the President BOLA TINUBU-led administration is determined to create a wholesome environment for businesses to flourish.

Addressing representatives of top large tax-paying companies during a get-together in Lagos, ADEDEJI said the FIRS as a revenue-generating agency will not introduce any new tax.

The FIRS chairman stated that companies and those willing to carry out their tax obligations voluntarily have nothing to be afraid of.