The Nigerian government has announced that the Treasury Management & Revenue Assurance System (TMRAS) will replace REMITA as the official revenue collection platform starting March 4, 2025.
A memo from the Office of the Accountant General of the Federation (OAGF) confirmed the transition, stating that TMRAS will enhance revenue collection, payment management, and tax remittance across government agencies.
The rollout will occur in two phases:
Phase One (March 4, 2025): Covers naira transactions, tax deductions, and payment tracking.
Phase Two (June 1, 2025): Introduces foreign exchange transactions and budgetary controls.
A transition period from March 4 to May 4, 2025, will allow REMITA to run alongside TMRAS, after which all government payments will shift to the new system.
Post a Comment