The Federal Capital Territory Internal Revenue Service (FCT-IRS) said that it remitted N118 billion into federal government coffers as at November with a projection of N202 billion in 2022.
Acting Executive Chairman of the service, Mr Haruna Abdullahi, who revealed this to newsmen in Abuja on Wednesday, said the figure meant for 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,” Abdullahi said.
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).
The acting chairman said the Service would not rest on it 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 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, however, said that the service in collaboration with the relevant law enforcement agencies, would also embark on enforcement of it mandates in 2022.
“This is in accordance with section 8 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.
NAN
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