Abuja: FIRS, Mid Year N5.5 Trillion Naira On Tax

The essence of tax rate is to sentitase the people on the need for them to be paying tax to fulfill their civic responsibilities

The Federal Inland Revenue Service (FIRS) has announce a total tax revenue collection of 5.5 trillion naira for the half year January to June 2023, this is the highest tax revenue collection ever recorded by the service in any first 6months of a physical year.

The Executive Chairman of FIRS Muhammad Nami stated this while presenting the 2023/2024 tax revenue outlook to the national economic council at a meeting held on Thursday July 20th 2023, at the Presidential Villa, Abuja.

The 16th President of the Chartard Institute of Taxation of Nigeria Samuel Agbeluyi in his statement said: ” The federal government is on the right track amonising Nigerians taxation system.Tax experts has called for a single digit data base of Nigerians to eight digitalisation of tax collection.

” We are happy as an institute that the government has set up a commitee to look into how to amonise or generally reform tax system once the commitee is done the old tax system is meant, the government can collect more we need to hold them accountable.”

Chairman Chartered Institute of Taxation of Nigeria Abuja discrit Kennedy Iwundu said in his statement: “The essence of tax rate is to sentitase the people on the need for them to be paying tax to fulfill their civic responsibilities, at the same time we also appreciate tax collector’s revenue administrators in the role they are playing in collecting his taxes.

“The FCT branch chairman of the institute added that tax rate brings together both tax collector’s annually.”

Chairman Chartered Institute of Taxation of Nigeria Abuja discrit Kennedy Iwundu said in his statement: “The essence of tax rate is to sentitase the people on the need for them to be paying tax to fulfill their civic responsibilities, at the same time we also appreciate tax collector’s revenue administrators in the role they are playing in collecting his taxes.

“The FCT branch chairman of the institute added that tax rate brings together both tax collector’s annually”

Chairman,FCT Tax practitioners Association Benjamin Enamudu said in his statement:
“The people that are paying tax seem to be the same set of people so one of the things we always advocated is for the government to see and cause expand the tax net rather than increasing the tax themselves.”

Chairman,FCT Internal Revenue Service Haruna Abdulah in his statement said: “means of doing business and by what we are doing if we are able to amonise and consolidate revenue and our collection system under one platform, reflect on our life as citizens and residents of the FCT.”

The presentation which contains FIRS 2023 half collection which shows FIRS which achieve 100% of it’s target for first half of the year when compared with the mid year target of 5.3trillion naira.