FIRS generates N6.4tr in 2021, surpasses target

1/28/2022 10:56:00 AM

The 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

The 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.

The 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

The Executive Chairman of FIRS, Muhammad Nami, stated that the figure was over a hundred percent of its revenue target for the year 2021.“The FIRS, in the year 2021 collected a total of N6.405tr in both oil (N2.008tr) and non-oil (N4.396tr) revenues as against a target of N6.401tr. Companies Income Tax amounted to N1.896tr; Petroleum Profits Tax amounted to N2tr; Value Added Tax amounted to N2.07tr; Electronic Money Transfer Levy amounted to N114 billion; Earmarked Taxes amounted to N208.8bn; among others.

Read more:
Daily Trust »

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