In a bid to improve the revenue base of the Federal Capital Territory (FCT), the FCT minister, Nyesom Wike, has ordered strict implementation of the Personal
LEADERSHIP had reported that the minister, on October 4, 2023, in a memo directed all Ministries, Departments, and Agencies MDAs, Commercial banks, as well as FCT Secretariats, Departments, and Agencies SDAs to ensure strict compliance with the laws particularly Section 85 of the Personal Income Tax Act and Section 31 of the FCT Internal Revenue Service Act 2015.
Penalties ranging from N1000,000.00 fine to three years jail terms as provided in the Acts await defaulters as the new revenue generation exercise takes off.Elechi warned that as per Section 85 of the PITA, anyone who provided false information or obtained a TCC through forgery or falsification was liable to a fine of N50,000 or a three-year jail term or both upon conviction.
He explained that transactions include a Certificate of Occupancy, award of contracts, approval of building plans, application for FCTA loan for housing, business, or any other purpose, and registration of motor vehicles, among others. In the memo signed by Wike, the minister said; “The Federal Capital Territory Administration has observed with dismay, lack of implementation and adherence to the provisions of section 85 of Personal Income Tax Act , 2011 and Section 31 of the Federal Capital Territory Internal Revenue Service Act, 2015 that provide for the demand and verification of Tax Clearance Certificates TCC from residents of the FCT before rendering of services or performance of transactions.
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