Written by Austine ELEMUE

FCT-IRS targets N130bn revenue in 2019

The Federal Capital Territory Internal Revenue Service, FCT-IRS, has targeted over N130 billion revenue generation in 2019, just as the service generated N59 billion in 11 months (from January to November 2018).

Making this disclosure, last week, executive chairman of the service, FCT-IRS, Mr Abdullahi Attah, assured that the 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 Identification 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 continuous process. 

He further explained that from now till the end of the transition period, FCT-IRS will, in addition to its two offices at Laura and Garki headquarters, leverage on FIRS facilities and manpower support to collect all the taxes accruable to the FCT.

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