FCT-IRS generates N59bn in 11 months, targets N130bn in 2019

By Stanley Onyekwere

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has generated N59 Billion in eleven months (from January to November 2018), just as it aims to generate five to six billion naira before the end of December.
Our correspondent reports that the sole FCT tax agency also projects 130 billion naira revenue for 2019.
Making this disclosure yesterday, Executive Chairman, Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr Abdullahi Attah assured that declared revenue target can be achieved with its transition plans under way.
Attah spoke during a press briefing on the series of their sensitization drive to inform and educate taxpayers towards entrenching a world class tax administration system in the FCT.
He said: “We were able to generate this 59 billion naira with just one office, 30 staff and about 40 youth corps member, collaborating with the FIRS in 2019, we will double our revenue generation “.
“We can achieve this because this transition as Federal Inland Revenue Service (FIRS) has given us eight offices and 177 staff, so that we can for this purpose take over all the past records and seemingly transit with the taxpayers knowing what happens.”
According to him, over a million taxpayers have been captured in our database and they have all received their Taxpayer Identification Numbers (TIN) through personalised SMS.
He noted that the taxpayers who are yet to get their Taxpayer Indentification Numbers are advised to visit any of the ten FCT-IRS office to obtain same through a process that lasts for not more than ten minutes only because is a continue process.
He further explained that from now till the end of the transition period, FCT-IRS will, in addition to it’s two offices at Laura and Garki Headquarters, leverage on FIRS facilities and manpower support to collect all the taxes accruable to the FCT