By Daniel Tyokua
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has mapped out plans to generate two hundred and two billion naira (N202billion) for 2022.
Acting Chairman FCT-IRS, Haruna Y. Abdullahi disclosed this to journalists in Abuja on Wednesday.
He said the IRS is in talk with about 250 MDAs for review and reconciliation of IPPIS/Personal Income, Tax/PAYE to address issues of wrong remittances, non-remittances and under-remittances of employees of MDAs in the FCT.
“We will not rest on our oars, until the Service becomes the highest Sub National Revenue Service Agency in the Country. We cannot achieve this alone; hence the need for the support of all our major stakeholders including the media.
“For the year 2021, we have a revenue target of N202 billion. Though it is a huge task but with determination and commitment of the Board members, Management, Staff, and stakeholders like you, we shall achieve the 2022 target.” He stated.
Abdullahi explained that, FCT-IRS is making taxation easier by opening additional offices in places like Kuje, Bwari and Gwarinmpa, as well as using automated payment system, so that payment and filing of tax returns, so that taxpayers won’t necessarily visit FCT-IRS.
He said it has remitted N188Bn into the coffers of Federal Capital Territory Administration (FCTA) as at the end of November 2021, surpassing the projected revenue target of N109Bn for the year.
According to Abdullahi, “In spite of the challenges faced by the Service and the FCT due to the impact of Covid-19, we were able to achieve and surpass our revenue target of N109Bn by 108% as at the end of November 2021. With this, the Service has so far collected and remitted the sum of N118Bn.
“Within the year under review, the Service engaged some consultants to conduct a six-year back duty tax audit of Ministries Departments and Agencies (MDAs), Enterprises and Corporate organizations with presence in the FCT.
This engagement has started yielding fruits because liabilities have been established and demand notices have been issued in accordance with the section 54 PITA, CAP P8, LFN, 2004 (As amended).
