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FCT-IRS remits N118bn to FCTA, targets N202bn in 2022



FCT-IRS remits N118bn to FCTA, targets N202bn in 2022

The Internal Revenue Service of the Federal Capital Territory (FCTIRS) said it remitted N118 billion to the coffers of the federal Capital Territory Administration in November with a projection of N202 billion in 2022.

The service‘s acting chief executive officer, Haruna Abdullahi, told reporters in Abuja on Wednesday that the figure meant the organization exceeded its target penny.

“Despite the challenges faced by the impact of COVID-19, we were able to meet and exceed our revenue target of N109 billion cents by the end of November 2021.

“With this, the Service has so far collected and remitted the sum of N118 billion,” Abdullahi said.

He also said that during the year under review, the Service hired some consultants to conduct a six-year back tax audit of Ministries, Departments and Agencies (MDA), Companies and Corporate Organizations in the FCT.

Abdullahi said that the commitment had begun to bear fruit because liabilities were established and demand notices were issued in accordance with Section 54 PITA, CAP P8, LFN, 2004 (As amended).

“It is also important to inform you that we are currently meeting with some 250 MDAs for the review and reconciliation of IPPIS / Personal Income Tax / PAYE.

“This is to address issues of incorrect remittances, no remittances and insufficient remittances from MDA employees at the FCT.

“This exercise is carried out in collaboration with the General Accounting Office of the Federation and the Joint Tax Board.

“Let me use this medium to invite all MDAs that are coming for the fiscal year to come forward before the December 10, 2021 deadline,” he said.

The interim president said the Service will not lean on its oars until it becomes the highest sub-national revenue generating agency in the country.

Therefore, he requested the support of all major stakeholders, including the media, to achieve the goal.

“Although it is a huge task, but with the determination and commitment of Board members, management, staff and stakeholders like you, we will reach the goal of 2022,” he said.

He said the Service planned to embark on an aggressive public illustration campaign to educate and mobilize potential taxpayers with a view to boosting the FCT revenue base.

The acting president explained that since the beginning of the Service, residents and taxpayers have been educated and sensitized about their civic responsibilities.

Abdullahi said that in 2022, in collaboration with relevant law enforcement agencies, the Service would also embark on the execution of its mandates.

“This is in accordance with section 8 and Part V of the FCT-IRS Act of 2015. This resolution has become necessary to address defaulters who insist on defrauding the FCT Administration,” he said.

Source: NAN

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