Stories By Stanley Onyekwere
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has revealed a total revenue collection of N252,825,487,775.71 for 2024 fiscal year from all sources, representing a 19.8% increase on the collection of N211,100,288,136.36 recorded for 2023.
The figure recorded at close of business on Wednesday, is about 101% of its target of N250.2 billion for 2024.
Making this disclosure during an annual end of year media briefing in Abuja, the acting Executive Chairman of the FCT-IRS, Michael Ango said there will aggressive enforcement action against tax defaulters in 2025, so as to boost revenue collection in the FCT.
Ango also revealed conclusion of plans to implement tax harmonisation from January 2025, by collecting taxes due to the Area Councils, and thereafter after disburse same accordingly to them.
This, he said followed an agreement reached between the six Area Councils and FCT-IRS.
According to the FCT tax boss, the FCT minister, Nyesom Wike’s commitment to massive infrastructural development, including administrative remodeling by creating offices that were not in existence as well as the implementation of the minimum wage, all required revenue.
“We have different agencies in the FCT that collect revenue on behalf of the FCT Administration and these agencies sometimes or as the practice is right now collect all these revenue items individually.
“ As we know, even globally this is not best practice and so the Minister has decided or has directed that all the agencies in the FCT must have one central point for revenue collection”, he stated.
He however, allayed the fears of area councils on revenue loses that the revenues would be collected on their behalf.
He added that: “However, this revenue will remain theirs. All we are doing is to assist them to collect and aggregate it. Thereafter the monies will be disbursed to them in their various accounts.”
Also, Ango revealed that FCT-IRS has finalised plans to collect Entertainment Tax which will be collectable from relaxation grounds, parks, restaurants, event centres and other entertainment activities.
He, however said they were merely implementing extant laws and not introducing any new laws.
He adds:“We are not trying to over burden the FCT residents, but if those taxes already exist in our books, it is our duty and obligation under the law to ensure that we implement those taxes and we collect those revenues. In any case, any revenue that is collected is usually used as we can testify for the benefit of all of us.”
He further added that to achieve all these, Ango said the Service was collaborating with agencies like the NFIU, the FIRST and others.
He equally opined that the Service intends to move away from manual operations by the end 2025, as it tax operations will by fully technologically based system.
“For ease of payment, the Service will from January, 2025 decentralise payment points.
“We’ll also be looking at using POS channels and all of that, especially for the low-income earners and also for those who are not within the city center.
“Additionally in 2025 we’ll be setting up kiosk offices in various locations in the FCT including markets, parks, plazas.”
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