Hudu Yakubu, AbujaFinal up to date Jul 10, 2023
The Federal Capital Territory Administration ( FCTA) has restated it’s commitment to mobilising stakeholders and harmonising revenue assortment methods in Abuja, to woo each native and overseas traders to the capital metropolis.
FCTA’s Permanent Secretary, Olusade Adesola gave the peace of mind whereas addressing individuals at a one-day Townhall Meeting, organised by the FCT-IRS to additional mobilise stakeholders’ help for the implementation of the Harmonisation initiative.
He reiterated the necessity to make Abuja extra funding pleasant for intending traders.
Adesola famous that the choice to embark on the revenue assortment harmonisation drive in collaboration with the six Area Councils, was additionally in sync with international finest practices.
The Permanent Secretary said that, “by simplifying and consolidating our revenue assortment methods, we intention to entice extra funding, stimulate financial development, and create employment alternatives.
” This will improve the FCT’s popularity as an investment-friendly vacation spot and contribute to the general growth of the area”.
Also talking, Chairman of FCT-IRS, Haruna Abdullahi defined that the processes of the harmonisation had been duly backed by extant legal guidelines and rules.
He additional said that other than rising revenue era for the advantages of each the federal government and residents, additionally they need to enshrine transparency and accountability within the methods.
Abdullahi added, “ the Federal Capital Territory Internal Revenue Service Act entrusts us, the FCT-IRS, with the obligation to collaborate with related stakeholders and businesses in harmonizing and bettering our tax practices.
” This is aimed toward optimizing our revenue era efforts, whereas making certain simplicity, transparency, and accountability in our tax methods.
” Section 45 of the Act establishes the FCT Joint Revenue Committee, whereas Section 46 of the identical Act outlines the capabilities of the FCT Joint Revenue Committee (FCTJRC), that are to: Harmonize tax administration within the FCT . Deal with revenue issues of frequent concern to the FCT and Area Council Enlighten members of the general public typically on FCT and Area Council revenue issues. *
