BY EDMOND ODOK – Determined to improve revenue earnings for the Federal Capital Territory Administration (FCTA), the Federal Capital Territory Internal Revenue Service (FCT-IRS) is set to profile Expatriates and business outfits currently doing businesses within the Nation’s capital.
Accordingly, the FCT-IRS has issued a three-week ultimatum to companies and organisations with foreign nationals working in the territory to turn in details of expatriates for proper documentation.
A statement released on Sunday and signed by head Corporate Communications, FCT-IRS, Mustapha Sumaila, said the development is part of ongoing efforts to harmonise and enhance the Internally Generated Revenue (IGR) of Abuja,
The statement explained that such concerned organisations have been advised to comply promptly with the directives on or before the end of May 2023.
It further stated that the directives was among the resolutions made during a meeting by the Secretary of Economic Planning, Revenue Generation, and Private-Public Partnership (PPP) in the Federal Capital Territory Administration (FCTA), Mr Agboola Lukman Dabiri, and the acting Executive Chairman, FCT-IRS, Mr. Haruna Abdullahi
Only recently, the FCT-IRS boss had explained the Service’s management prioritisation of institutional framework as key strategy to steadily boost revenue generation in Abuja, the nation’s capital.
Speaking on “Accounting for a better world” at the Annual Association of Chartered Certified Accountants (ACCA) Members, Partner Employers, and Students Summit 2023 in Abuja, he said the last two years have seen the Service building a robust and sustainable system aimed at making tax administration processes and procedures easier and seamless for enhanced tax collections.
Hear him; “What we have been doing in the last two years is to build the institutional framework to fit into globally recognised institutions that will be a model for our counterpart agencies in Nigeria and Africa.
“We have carried out a number of reforms to reshape the Service to enhance our revenue drive in the FCT. We have stepped up on our awareness campaigns to educate taxpayers on all our processes as well mobilize the prospective taxpayers to be in the tax net.”
Mr Abdullahi also said the Service’s collaboration with major stakeholders has been greatly enhanced through constant exchange of notes, especially in engaging, updating and educating them on decision, direction and introduction of any policy measure.
“Staff capacity building has been the utmost priority for the Service more than ever. We cannot have an efficient and committed workforce if the staffers are not well-trained to deliver optimally.
“From what we have done so far, in the next few years, there will be visible impact in terms of what the Service will be generating,” the Revenue chief added.
