FCT News
FCT-IRS targets N250b revenue in 2024 fiscal year
The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has indicated that its targed for 2024, stands at N250 billion as revenue to be generated for the fiscal year
The Ag. executive Chairman of the service, Mr. Haruna Abdullahi gave the indication on wednesday during the 2023 Annual Press briefing at the service headquarters, Garki Abuja.
“For the year 2024, FCT-IRS has a target of N250 billion, we are determined and optimistic that we will realize and surpass that, with the committed and dedicated staff of the Service, support support from the FCT Administration, the National Assembly and other key stakeholders especially our esteemed taxpayers.
He said the target is achievable and the task ahead is surmountable.
FCT-IRS targets N250b revenue in 2024 fiscal year
According to him, the Tax Revenue Collection of the FCT-IRS grew from barely N46 billion in 2017 to over N124 billion in 2022 indicating over 270% growth.
“At this point, I would like to inform the general public that as at 19th December 2023, the FCT-IRS for the first time since its inception in 2015 has exceeded the N200 billion mark by generating the sum of N203,147,090,410.5 as annual revenue for the year 2023.
“This is a huge milestone for the Service and it represents about 63.34% increase in collection from the preceding year.”
He indicated that from January 2024, the Service shall embark on intensive enforcement exercise by ensuring that all relevant provisions of the tax laws are strictly complied with accordingly.
“For avoidance of doubt, section 32 of FCT-IRS Act, 2015 empowers the Chairman of the Service to authorize any Officer of the Service to have free access to properties and records of taxpayers for the purpose of compliance with the tax laws. “The Service will not only hesitate to prosecute tax offenders through the instrumentality of the law but will ensure that all tax due to FCT are recovered.
“To comply with the ease of doing business initiative, the Service will open more tax offices across the six Area Councils in FCT and at strategic locations or centers within the metropolis for convenience of the taxpayers.
He said the service will further streamline services, making the tax offices accessible to a broader population and contributing to overall organizational growth. “Additionally, a state of the art headquarters will be constructed, not only to provide for coordination of operations but also reflect our commitment to excellence.
“To attract and retain young talents, the Service will embark on providing targeted training programmes towards ensuring employees stay updated with industry trends and by also providing staff with modern working tools to foster efficiency and innovation.
“At the end of the growth stage, the Service would have achieved its vision of being a model Internal Revenue Service serving as a benchmark for Africa.
“Under the consolidation stage which is from January 2029 to December 2034, the Service should be operating on a sustainable level with a global vision of competing with revenue authorities around the world.”
Continuing, he said, the Service will further employ the use of technology to enhance its operations mainly in the area of compliance, enforcement and also seek to consolidate the culture of transparency and accountability in order to build trust and cooperation between the service and the taxpayers.
“The focus will be in the deployment of artificial intelligence, cloud computing, collaboration tools, business process automation and data analytical tools to facilitate compliance and performance of routine tasks aimed at encouraging voluntary compliance and ease of doing business.”
He indicated that taxpayer base has grown from about 543,969 for individuals and 284,746 for non-individual in 2015 to 1,108,162 for individuals and 389,981 for non-individuals in 2023.
“In collaboration with other sister agencies in the FCT, the FCT-IRS has commenced enforcement of Section 85 of the Personal Income Tax Act, 2011 (as amended) and Section 31 of the FCT IRS Act, 2015 for MDAs, FCT SDAs, Commercial Banks, and other Corporate bodies to demand and verify TCC as precondition for rendering services in FCT.
“The Growth Stage of the Service is from January 2024 to December 2028, the Service targets to achieve annual revenue benchmark of N500 billion by the end of the second stage (growth stage).
“The strategies will include; optimization of the current revenue streams, operationalization of non-performing tax types and strategic tax audit of individuals and non-individuals.
“The Service intends to improve taxpayer base through tax education, town hall meetings, media engagements, inter-agency collaboration within FCT SDAs and other key stakeholders such as FIRS, JTB, Tax Practitioners, Development Partners and other Professional Bodies.”
“As part of our efforts to ensure compliance with filing of returns, the Service will in accordance with the tax laws apply penalty for non-filing of annual returns by 31st January of every year for employers and 31st March of every year for individuals. “A comprehensive reassessment of returns will be intensified, which will be followed by constant monitoring and compliance exercises.”
“From inception, the emphasis has been on driving the Service using technology. The Service has invested in modern working tools such as hardware and software.
“The processes of registration, payment, receipting, assessment, Tax Clearance Certificate (TCC) issuance, filing of returns, TCC verification, and generation of withholding tax credit note have all been automated.
“In order to encourage voluntary compliance and to allow taxpayers perform their tax obligations at the comfort of their homes or offices, the FCT-IRS Self Service portal (www.fctirs.gov.ng) enables Taxpayers to perform functions such as; request for Taxpayer Identification Number (TIN), file annual returns, make payment and request for TCC.”
FCT News
Harmonisation of FCT Revenue will end Multiple Taxation, FCT-IRS Boss declares
The Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr. Michael Ango, has declared that the ongoing harmonisation of revenue collection and administration will effectively address the issue of multiple taxation in the Federal Capital Territory (FCT).
Appearing on Channels Television’s Dateline Abuja, Ango revealed that the FCT-IRS is working closely with government agencies and the six area councils to ensure the seamless implementation of the initiative.
He commended FCT Minister Barr. Nyesom Wike for his directive and support in streamlining the tax system to make it more efficient for taxpayers while boosting revenue.
“The minister has tasked us to ensure the issue of multiple taxes is resolved swiftly. To achieve this, we aligned with the Federal Government’s Tax Reform Committee, where I served before my appointment. The FCT has now been adopted as a pilot for tax harmonisation, and the process is already underway,” Ango stated.
He explained that under the new system, taxpayers will no longer need to interact with multiple agencies. Taxes and levies for bodies such as AGIS, Development Control, Water Board, Abuja Environmental Protection Agency, and area councils can now be paid through FCT-IRS, which will handle collection and remittance.
“For instance, if you have 30 houses, you don’t need three agents to manage your rent collection. With this harmonisation, all taxes and levies will be centrally collected and properly distributed to the relevant agencies,” he explained.
Ango also emphasized the importance of voluntary compliance, urging taxpayers to view paying taxes as a civic duty. He highlighted ongoing infrastructure projects and services across the FCT as evidence of the effective use of tax revenues, encouraging residents to support development by fulfilling their tax obligations.
The harmonisation initiative is expected to streamline tax processes, eliminate redundancies, and provide a more transparent and efficient system for revenue collection in the FCT.
FCT News
Timi Frank tells Tinubu to halt Wike’s demolition of FCT residents’ homes
Former Deputy National Publicity Secretary of the APC, Comrade Timi Frank, has urged President Bola Tinubu to immediately intervene and stop the Minister of the Federal Capital Territory (FCT), Nyesom Wike, from demolishing the homes of economically vulnerable residents in Abuja.
In a statement from Abuja, Frank accused Wike of using demolitions as a ploy for land grabbing, alleging that Wike allocates revoked plots to his associates and personally benefits from this practice.
Frank expressed concern that the minister’s actions damage the reputation of Tinubu’s administration, branding Wike’s demolitions as “ill-timed” and self-serving.
Frank further alleged that Wike has taken more aggressive action than any past FCT minister, reportedly revoking land to distribute it to close allies and influential figures.
He claimed Wike advised affected residents to pursue legal action, while allegedly having influence over the judiciary.
Additionally, Frank asserted that Wike is using land sales to fund political conflicts outside the FCT, including with Governor Siminalayi Fubara of Rivers State.
Frank warned Tinubu that failure to address Wike’s actions could damage the administration’s credibility and urged the President to act decisively by relieving Wike of his role.
He noted that Wike’s methods, similar to those used in Rivers State, are unwelcome in the FCT and called for swift action to prevent further harm to the government’s image and FCT residents.
FCT News
FCT Minister describes NYSC scheme as cornerstone to national integration
FCT Minister of State, Dr. Mariya Mahmoud, has described the National Youth Service Corps (NYSC) scheme as a cornerstone of national integration and development since its inception in 1973.
Mahmoud spoke during the NYSC pre-mobilization workshop held in the nation’s capital, Abuja, stressing that the programme was designed to foster unity among young Nigerians.
Special Advisa on Media the Minister, Austine Elemue in a statement on Tuesday quoted the minister, who was the Chief Host of the event to have noted that the theme of the workshop, “Strengthening the NYSC mobilization process for effective service delivery” resonates deeply with the aspirations of the national vision.
Mahmoud charged stakeholders to play critical role in shaping the experiences of young Nigerian graduates, ensuring that they are equipped with the necessary skills, knowledge, and mindset to contribute positively to the society.
“We are in a dynamic world where the needs of our communities are evolving rapidly.
“Therefore, our prospective corps members must be prepared to meet these challenges with creativity, resilience, and spirit of innovation.
“This workshop is an opportunity to share best practices, explore new ideas, and collaborate on strategies that will enhance the effectiveness of the NYSC programme”.
The minister used the occasion to commend the leadership of the NYSC for their unwavering commitment to improving the quality of service rendered by corps members.
“Your dedication to training and preparing our youth for the responsibilities they will undertake is commendable. By investing in their development, we are investing in the future of Nigeria,” she stressed.
While welcoming participants to the occasion, the NYSC Director General, Brig Gen. Yusha’u Ahmed, noted that over the years, the NYSC programme has been the vanguard of nation building, fostering unity among the different nationalities as well as playing critical role in national development.
According to him, “the imprints of the scheme is all over the landscape of our nation from the mega cities to the very rural communities of Nigeria.”
Ahmed emphasised that the mobilization process is a very critical component of the service year that deserved all seriousness, adding that the place of effective service delivery in a successful mobilization process cannot be overemphasized.
The Director General, pledged that the management remains committed in ensuring that the right things are done at all times from the beginning to the end of the mobilization process
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