The Federal Inland Revenue Service,
FIRS, has collected a total sum of N1. 782 trillion tax revenue between January
and July 2017.
This figure represents an increase
in tax revenue of N224.140 billion when compared to N1.558 trillion amount
collected within the same period in 2016.
The FIRS Executive Chairman, Tunde
Fowler, spoke in Abuja, yesterday, when he appeared before the Senate Committee
on Finance on the agency’s 2017 budget.
Of the amount, Petroleum Profits
Tax, PPT, stood at N636,006, while the service realised N1.146 trillion from
non-oil taxes, Companies Income Tax CIT, Value Added Tax, VAT, Stamp Duties,
among others for the period under review.
In the preceding year, FIRS recorded
N504,834 in PPT and the non-oil tax collection for the period stood at N1.053
trillion.
Virtually, all the tax types in the
period under review recorded a positive variance as against the preceding year.
The senate however, directed the
agency to provide more details about its building projects and its revenue
automation programmes.
No comments:
Post a Comment