FCT-IRS rakes in N118 billion, targets more in 2022: Official
The Federal Capital Territory Internal Revenue Service (FCT-IRS) said it remitted N118 billion into the federal government coffers as of November with a projection of N202 billion in 2022.
Acting Executive Chairman of the service, Haruna Abdullahi, told newsmen on Wednesday that the figure meant the organisation surpassed its target by 108 per cent.
“In spite of the challenges faced by the Service and FCT due to the impact of Covid-19, we were able to achieve and surpass our revenue target of N109 billion by 108 per cent as at the end of November 2021.
“With this, the Service has so far collected and remitted the sum of N118 billion,” Mr Abdullahi stated.
He also said that within the year under review, the Service engaged some consultants to conduct a six-year back duty tax audit of Ministries, Department and Agencies (MDAs), enterprises and corporate organisations in the FCT.
Mr Abdullahi said the engagement had started yielding fruits because liabilities have been established and demand notices have been issued in accordance with Section 54 PITA, CAP P8, LFN, 2004 (as amended).
“It is also important to let you know that we are currently meeting with about 250 MDAs for the review and reconciliation of IPPIS/Personal Income Tax/PAYE.
“This is to address issues of wrong remittance, non-remittance and under-remittance of employees of MDAs in the FCT.
“We are carrying out this exercise in collaboration with the Office of the Accountant-General of the Federation and Joint Tax Board.
“Let me use this medium to invite all the MDAs that are yet to come for the exercise to please turn up before the deadline of December 10, 2021,” he said.
The acting chairman said the Service would not rest on its oars until it becomes the highest sub-national revenue-generating agency in the country.
He, therefore, solicited the support of all major stakeholders, including the media, in order to achieve the target.
“Though it is a huge task but with determination and commitment of board members, management, staff and stakeholders like you, we shall achieve the 2022 target,” he said.
He said the Service planned to embark on an aggressive public enlightenment campaign to educate and mobilise prospective taxpayers with a view to boosting the revenue base of the FCT.
The acting chairman explained that since the inception of the service, it had been educating and sensitising the residents and taxpayers to their civic responsibilities.
Mr Abdullahi said that in collaboration with the relevant law enforcement agencies the service would also embark on enforcement of its mandates in 2022.
“This is in accordance with section eight and Part V of the FCT-IRS Act 2015. This resolve has become necessary to address defaulters who insist on shortchanging the FCT Administration,” he said.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Turkish president urges Western countries to respond to Israel’s killings of Palestinians
The Turkish president said an immediate and lasting ceasefire must be achieved as soon as possible in the conflict between Israel and the Palestinians.
World
Blinken backs Israel’s security, says tensions must be defused
Mr Blinken did not confirm an alleged attack by Israel on Iran overnight and said only that the U.S. was not involved in any offensive operations.
States
Police arraign 37-year-old man over illegal possession of pistol
Mr Ibrahim alleged that the defendant unlawfully possessed the pistol, which he could not give a satisfactory account of.
World
EU sanctions Israeli settlers over violence in West Bank
Those subject to sanctions would no longer be allowed to enter the EU or do business with EU citizens.
Health
Governor Otu provides N100 million to improve nutrition in Cross River
Mr Otu said the move would increase food production, availability, accessibility, and affordability in Cross River.
Faith
Police arraign two teenagers for stealing phone from mosque
The prosecutor said the offence contravened sections 287, 411, and 308 of the Criminal Law of Lagos State.