The Federal Capital Internal Revenue Service (FCT-IRS), has collected and remitted N126.54 billion from January to June 2024, acting executive chairman, Mr Haruna Abdullahi, has said.
Abdullahi stated this Monday during the FCT-IRS mid-year press briefing in Abuja.
The executive chairman was represented at the event by the director, Tax Operations, Mrs Chioma Anohu-Ndu.
He said the figure was 53.5 per cent higher than the N82.46 billion collected in the first half of 2023.
He added that the N126.54 billion was 119.7 per cent higher than the N57.59 billion collected in the half year of 2022.
He stated further that it is an indication of a year-on-year growth.
“This stellar growth highlights our commitment and determination to overcome obstacles while striving to boost revenue generation,” he said.
He pointed pointed out that the FCT-IRS achieved these impressive results within six months in spite of economic challenges.
He attributed the successes to the service’s resolve to leverage technology and build one of the most functional e-service portals in the revenue sector.
“We also owe this accomplishment to the high compliance rate of taxpayers in the FCT.
“We, therefore, urge everyone to continue choosing voluntary compliance over compulsion,” he said.
On enforcement, the executive chairman said the revenue service has commenced an enforcement drive to tackle tax evasion and ensure the collection and accounting of all revenue accruable to the FCT.
He added that non-compliant businesses have been sealed, and appropriate legal actions taken to recover all tax liabilities and ensure timely payment of subsequent taxes.