The Federal Capital Territory Administration (FCTA) said that it has so far identified and captured, in its database, over one million taxpayers in the Federal Capital Territory (FCT), who have received their Taxpayer Identification Numbers (TIN), through personalised SMS. The executive chairman, FCT Internal Revenue Service (FCT-IRS), Abdullahi Attah, who disclosed this to newsmen in his office, added that taxpayers’ registration and issuance of Tax Identification Number (TIN) is a continuous process in the territory.
Attah, therefore advised FCT residents who are yet to get their TIN to visit any of the 10 FCT-IRS offices and obtain same through a process that lasts for not more than 10 minutes. He revealed that the service has developed partnership with all the commercial banks and key payment platforms to enable taxpayers pay their tax wherever they are in the world.
The executive chairman also reminded employers of labour that they have a duty under the law, to deduct correct amount of PAYE from their staff and remit to FCT-IRS immediately after every deduction, adding that non-deduction of PAYE and late remittance attract penalties.
He continued: “One of our main objectives is to ensure that all taxpayers in the FCT file their annual tax returns in the manner and within the time specified by law. Filing of annual tax returns is mandatory on each and every taxable person, whether under formal employment or in the informal sector.”
Source: Leadership Newspaper