The Federal Inland Revenue Service said it generated N6.4 trillion revenue in 2021, representing over a hundred percent of its collection target.In a report released titled “FIRS 2021 Performance Update,” the agency said the total revenue of N6.405 trillion in both oil and non-oil revenues surpassed its target of N6.401 trillion for the year.
“With the solution, taxpayers experienced the ease of registration, reporting, payment and issuance of Tax Clearance Certificates while the Service experienced greater efficiency in the deployment of resources thereby leading to improved revenue collection.”and value-added tax at N2.07 trillion in 2021.The report added that the agency raked in N114 billion from electronic money transfer levy and earmarked taxes amounted to N208.8 billion.
“The Service issued certificates for the sum of N147.8 billion tax credit to private investors and NNPC for road infrastructure under the Road Infrastructure Development Refurbishment Investment Tax Credit Scheme created by Executive Order No. 007 of 2019.”last record at N5.3 trillionARE THESE FIGURES CORRECT?
Data from the federation accounts allocation committee showed that FIRS declared N1.2 trillion as PPT in 2021 instead of N2 trillion, as stated in its report. This shows a discrepancy of N800 billion in the FIRS’ data.
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FIRS Generates Record N6.4trn Revenue In 2021The Federal Inland Revenue Service (FIRS) has generated a record N6.4 trillion as revenue in 2021, the highest in its history. Before we celebrate, let us know the total sum of their recurrent expenditure, overhead, allowances and DTA over the same period. And we still went to borrow. Then we could just spend it wisely without borrowing provided d politician cut their excesses
Source: channelstv - 🏆 7. / 63 Read more »
FIRS generates N6.4tr in 2021, surpasses targetThe Federal Inland Revenue Service (FIRS) has said it generated N6.405 trillion in 2021 despite the economic downturn experienced in the globe due to the coronavirus pandemic. See firs please all these money you are generating where are you getting it? Do you establish any company or you are ripping where you did not sew? Think about it
Source: Daily Trust - 🏆 13. / 51 Read more »
FIRS Generates N6.405trn For 2021, Surpasses TargetThe Federal Inland Revenue Service (FIRS) has said it collected a total of N6.405 trillion in - both oil and non-oil - revenues a little above the target Audio audit!
Source: LeadershipNGA - 🏆 4. / 77 Read more »
FIRS Generates Record N6.4trn Revenue In 2021The Federal Inland Revenue Service (FIRS) has generated a record N6.4 trillion as revenue in 2021, the highest in its history. Before we celebrate, let us know the total sum of their recurrent expenditure, overhead, allowances and DTA over the same period. And we still went to borrow. Then we could just spend it wisely without borrowing provided d politician cut their excesses
Source: channelstv - 🏆 7. / 63 Read more »
FIRS generates N6.4tr in 2021, surpasses targetThe Federal Inland Revenue Service (FIRS) has said it generated N6.405 trillion in 2021 despite the economic downturn experienced in the globe due to the coronavirus pandemic. See firs please all these money you are generating where are you getting it? Do you establish any company or you are ripping where you did not sew? Think about it
Source: Daily Trust - 🏆 13. / 51 Read more »
FIRS Generates N6.405trn For 2021, Surpasses TargetThe Federal Inland Revenue Service (FIRS) has said it collected a total of N6.405 trillion in - both oil and non-oil - revenues a little above the target Audio audit!
Source: LeadershipNGA - 🏆 4. / 77 Read more »