FCT-IRS sets N202bn target for 2022

The Federal Capital Territory Internal Revenue Service (FCT-IRS), has said it remitted N118 billion into federal government coffers as at November with a projection of N202 billion in 2022.

The acting chairman of the FCT-IRS, Mr. Haruna Abdullahi, stated this Wednesday in Abuja, saying that the figure meant for the organisation surpassed its target by 108 per cent.

He said: “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,”

He further stated 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.

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 Dec. 10, 2021,” he said.

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 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 also stated that the service has 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 added that since the inception of the service, it had been educating and sensitising the residents and taxpayers to their civic responsibilities.