Our target is N146bn in 2018 ―IRS chairman
THE Federal Capital Territory Internal Revenue Service (FCT-IRS) has disclosed that it would generate a sum of N146 billion for the FCT administration through the introduction of Unique Taxpayer Identification Numbers (TINs) in 2018.
The Chairman and Chief Executive Officer of FCT-IRS, Mr Abdullahi Attah, who made this known during a press briefing in Abuja, also announced that the service has generated over a million Unique Identification Numbers for individuals and currently in the process of registering other taxpayers and agents.
He regretted that the service generated a total sum of N19.6 billion from the month of January to March 2018, in the first month he assumed office, saying 50 percent of the tax paid went to Federal Inland Revenue Service (FIRS).
According to him, the service is working in concert with various data management agencies and has developed a robust taxpayer database based on which unique taxpayer identification numbers were assigned to every taxpayer in the FCT in line with Section 7 (g) of the FCT-IRS Act of 2015.
“Shortly after this, it will be followed by the registration of companies, Ministries, Departments and Agencies, MIDas. The purpose of the exercise is to put in place a verifiable and foolproof taxpayer database that guarantees efficient taxpayer in the Federal Capital Territory whether employed or self-employed.
“The bulk text messages and emails, contain basic taxpayer registration information and request each taxpayer to quote the taxpayer identification number in all communications with the Service.
It is one of its kind in the country and expected to change the face of taxation by according unique and personal recognition to every taxpayer in the FCT whether employed or self-employed.” He stressed.
He used the occasion to state that the service would by this week commences sending bulk text messages and emails to confirm the validation of taxpayers’ registration details in the territory, adding that the service would also start registration of enterprises, sole proprietors and partnership establishments.
While commenting on alleged double taxation in the territory, the chairman affirmed that absence of a regulation gave room to multiple taxations in the past, which was being addressed by the new Act, stressing that the new Act intended to have unified tax collection system, which would enable the streamlining of taxation services for relevant authorities.
“It is going to encourage taxpayers to embrace self-assessment procedure. The information was gotten from the already existing database at the BVN, NIMC.” He added.