The Federal Capital Territory Internal Revenue Service (FCT-IRS) has assured that it is working to harmonies tax collection in the territory, to do away with cases of multiple taxation.
The agency said this was important because the irregularities in taxation impact negatively on the ease of doing business, erodes confidence and creates discouragement among business people.
Executive Chairman of the FCT-IRS, Mr Abdullahi Attah, at a stakeholders conference in Lagos, on Tuesday, themed: “Towards a Harmonised Revenue Management Framework in the FCT.”
He said the agency would collaborate with stakeholders to form a new way of working to achieve their shared objectives.
According to him, even though area councils in the FCT are autonomous and self-governing, they were all working for one administration with a focus on providing services to residents, so what they needed to do was to find out how best to work within the existing governance system in the FCT and ensure that they are able to pool resources, utilise existing systems, know-how and even data to maximise the revenue generating potentials of the FCT-IRS.
Also speaking at the event, FCT Minister, Muhammad Bello said the administration was aware of challenges associated with claims over rights of revenue collection and attendant issues of multiple taxation.
He said it was, therefore, important, to work out a mutually acceptable mechanism that is fool-proof, such that can plug all loopholes in the collection of revenue.
