Federal Capital Territory (FCT) internally generated revenue (IGR) hits N65 billion in 2018.
The Federal Capital Territory Internal Revenue Services (FCT-IRS) generated N59 billion at the end November while it was expecting to get between N5 billion and N6 billion at the end of December.
Abdullahi Attah, executive chairman, FCT-IRS, made this known Thursday, while briefing journalists in Abuja where he said the agency was targeting N130 billion in 2019.
Attah said the 2019 target could be achieved as the Federal Inland Revenue Service (FIRS) was giving FCT-IRS eight of its offices and 117 staff for the purpose of taking over all the past records and for the purpose of seamless transition.
He explained that before the establishment of FCT-IRS, FIRS had been the tax authority for the FCT and the need to achieve systematic and seamless takeover of the mandate for the administration of Personal Income Tax, FCT-IRS commenced a transition with FIRS in September this year.
“The essence of the strategic transition which will last for a period of 12 months, is to enable the FCT-IRS benefit from the inductional support and experience of FIRS having been in the system for a long time and to essentially, collaborate for effective handling over of Taxpayer records, associated legacy values and platforms.
“FCT-IRS will also leverage on the transition to link with the FIRS system for the purpose of data sharing with agencies such as the Corporate Affairs Commission (CAC), Nigerian Customs, Bureau of Public Procurements (BPP), IPPIS GIFMIS, etc,” Attah said.
The FCT-IRS chairman stated that the law on filling of annual tax returns would be strictly applied next year, and charged ministries, departments, agencies, corporate organisations, enterprises and other collection agents to encourage their staff to file their annual tax returns latest March 31, every year.
