The Federal Inland Revenue Service (FIRS) said it generated the sum of N4.2 trillion between January and September 2021, in spite of the challenges posed by COVID-19.
Executive chairman of FIRS, Mr Mohammad Nami made the disclosure during FIRS Special Day at the 2021 Lagos International Trade Fair (LITR), on Thursday, in Lagos.
The News Agency of Nigeria (NAN) reports that the fair is holding from November 5 to November 14 and has as its theme: “Connecting businesses, creating value”.
Over 200,000 visitors are expected, while about 1,500 exhibitors from 16 countries are participating in the 35th edition of the fair.
“It is with great pleasure that I wish to inform all present that our revenue generation has improved tremendously despite the challenges posed by COVID-19.
“The sum of N4.2 trillion has been collected by the Federal Inland Revenue Service (FIRS) between January and September 2021.
“This feat was achieved as a result of the efficiency and effectiveness of the newly introduced in-house ex-service solution (TaxPro Max) and intelligence/data we gathered, mined and analysed in the period under review,” he said.
Nami, who was represented by Mrs Fatima Maiyaki, Assistant Director of Taxes, Bar Beach MSTO, said that measures had also been put in place to ensure tax returns filing, payments and other services were easy and seamless.
He added that e-services such as e-receipt, e-TCC, e-filling, e-stamp duty and e-tax payment and the deployment of the TaxPro Max platform, had enabled FIRS to achieve the Federal Government’s set revenue target of N7.6 trillion for the service in 2021.
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