FIRS targets N5.9trn tax and other revenue collection for 2021 | The Guardian Nigeria News

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FIRS

The Federal Inland Revenue Service (FIRS) anticipates revenue collection of N5.9 trillion in 2021.

Its Chairman, Mr Muhammad Nami, announced the anticipation in Abuja on Thursday while defending the Service’s 2021 budget before the House of Representatives Committee on Finance.

He said that the 2021 budget was tailored to reposition the Service for a more effective tax collection for all tiers of government.

He added that strategies had been put in place to enable electric tax collection so as to enhance compliance with the COVID-19 safety protocol of social distancing.

Nami said that the FIRS would also deepen synergy with its state counterparts to generate more revenue for the country.

He said N289 billion was earmarked for the operations of the Service in 2021.

He explained that revenue collection anticipation was N8.5 trillion, but was reviewed to N5.3 trillion as COVID-19 reared its head.

Nami said notwithstanding the nationwide lockdown of 2020 and the adverse effects…



Source: Guardian Newspaper