Abdullahi: FCT Demands Tax Clearance Certificates for Building Permit

housingtv — Sun, 31 Dec 2023 20:23:45 +0000

The Executive Chairman of the Federal Capital Territory Internal Revenue Service, Haruna Abdullahi, He highlighted the mandate requiring Tax Clearance Certificates (TCC) for residents to obtain building permits and conduct business with the FCT Administration, activated through sections 85 of the Personal Income Tax Act and 31 of the FCT-IRS Act endorsed by FCT Minister Nyesom Wike.

Addressing operational challenges, Abdullahi emphasized the significance of political support in overcoming obstacles associated with revenue collection. He stressed the need for clarity, facing hurdles from stakeholders due to misunderstanding and lack of information.

Abdullahi outlined measures undertaken to bolster FCT revenue, including the approval of initiatives by the FCT Minister and the proposal for FCT Property Tax regulation. These strategies, including the implementation of Capital Gains Tax and activation of tax sections, aim to substantially impact revenue generation.

The TCC requirement for building permits was underscored, emphasizing the necessity for taxpayers to file returns and possess a verifiable TCC to obtain such permits. He clarified the verification process and emphasized its importance in curbing fraudulent practices.

Highlighting mechanisms for tax enforcement, Abdullahi emphasized the need to provide reasons for compliance. He referenced the importance of Section 85 compliance for vehicle registration and efforts to digitalize systems to enhance tax accountability.

Abdullahi discussed the evolution of FCT-IRS, citing increased revenue from N40 billion to N145 billion, attributing the growth to regulatory efforts and institutional capacity building.

Regarding citizen expectations upon tax compliance, Abdullahi stressed the government’s obligation to utilize generated revenues for societal benefits, acknowledging the visible impact of tax revenues on developmental projects.

In summary, Abdullahi emphasized the need for civic responsibility and accountability, urging citizens to contribute to revenue generation and hold the government accountable for resource utilization.

Source: Thisday

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FCT introduces Tax clearance certificate for all services

housingtv — Tue, 14 Nov 2023 06:09:50 +0000

The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has announced that residents of the FCT will need a Tax Clearance Certificate (TCC) to get any kind of service from the FCT.

“You must file your returns, you must get a tax clearance certificate, because you cannot register your vehicle, DRTS will have to get a TCC and verify it,” said Haruna Abdullah, Executive Chairman of the FCT-IRS. “You cannot get a building permit, even if it’s your wall that falls, before Development Control can give you the permit to go ahead to do that, you need to show a TCC and that TCC must be verified by the appropriate tax authority.”

Abdullah said the verification process takes just one minute because there is a QR code on the TCC.

“We are now collaborating with all relevant agencies, such that we just do our part and then you receive an email from us to say, yes, this TCC is ours, it’s fake, it’s valid, it has expired, and then it gives you the go ahead.”

He further explained that the FCT IRS Act empowers the minister to come up with a property tax regulation for the FCT.

“After a long conversation, the Minister of FCT-IRS would come up with a draft regulation and the FCT Minister has approved the initiative,” he said. “We just inaugurated another committee and we’re now implementing the capital gains tax law. Previously, people just voluntarily go and pay so there is very little payment in terms of capital gains tax. But now, we have briefed the minister and he has approved.

“We are now going to begin to implement the capital gains tax fully. So you can imagine an FCT with a property tax, an FCT with a fully implemented capital gains tax.”

Abdullah said the introduction of these new taxes is expected to generate significant revenue for the FCT government, which can then be used to fund essential services and development projects.

The new policy is expected to take effect in the coming months, and residents of the FCT are advised to start preparing now by filing their tax returns and obtaining a TCC.

Source: Dailytrust

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Abdullahi: FCT Demands Tax Clearance Certificates for Building Permit

FCT introduces Tax clearance certificate for all services

The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has announced that residents of the FCT will need a Tax Clearance Certificate (TCC) to get any kind of service from the FCT.