FCT-IRS mulls accelerating socio-economic lives of residents

To ensure Abuja’s rapid development through improved the socio-economic lives of the residents, the FCT Internal Revenue Service (FCT-IRS) says it will support all businesses in the nation’s capital city.
To this end, the FCT-IRS would be seen doing more on Corporate Social Responsibility (CSR) to give back to businesses and communities across the Territory.
This move, was disclosed by the FCT-IRS Acting Executive Chairman, Mr. Michael Ango, while receiving a delegation from the Abuja Chamber of Commerce and Industry (ACCI) led by its President, Chief Emeka Obegolu, who paid him a working visit in his office.
Ango noted that the focus of the current administration was to improve the Ease of Doing Business and create a conducive environment for businesses to grow, which will in turn, improve the socio-economic growth in the FCT.
He said: “One of the major policy statement that the President made in terms of taxation and revenues is that, we should not tax the seeds, but we should tax the fruits and this demonstrates his commitment to enhance ease of doing business.
“The FCT-IRS as a tax authority will now be visible in the area of CSR. We can go to the market, plazas and offer assistance by improving their facilities in order to have a conducive environment. In doing this, they will understand that we are not only coming to take from them but to also give to support their businesses.”
He further added that the Service under his leadership was mapping out strategies to promote voluntary compliance by the taxpayers; adding that, in taxation, voluntary compliance was the best form of compliance.
Earlier in his remarks, the President Abuja Chamber of Commerce and Industry (ACCI), Chief Emeka Obegolu, had expressed gratitude for the historical support the Service has rendered; emphasizing the positive impact on business opportunities.
He explained that the ACCI is the voice of the private sector in the FCT that advance the Ease of Doing Business in the FCT and advocate for policies of government that will support it.