For
the first time since Abuja became Nigeria’s seat of power, the Federal Capital
Territory Administration (FCTA) has been empowered by the National Assembly to
independently generate revenue for the administration of the territory.
This
feat was achieved on Wednesday when the Senate adopted the harmonised report of
both chambers of the National Assembly and eventually passed a bill
establishing FCT Internal Revenue Service with the powers to collect, assess
and account for revenues accruable to the FCT.
The
bill also provides for the establishment of FCT Internal Revenue Service and
Management Board with the power to sue and be sued, control and administer
different taxes within FCT and as well as account for such taxes.
The
bill, which was sponsored by Chairman, Senate Committee on FCT, Senator Smart
Adeyemi, provides that the board shall be headed by a chairman appointed by FCT
minister subject to the approval of the National Assembly and consists of
deputy chairman, six representatives from different departments of the FCT as
well as six persons drawn from each of the six geo-political zones of the
country who, are knowledgeable in tax matters.
The
Service, shall among others, collect, recover and pay to the designated account
any tax or levy due to the FCT. It will also assess all persons chargeable with
tax within the FCT; collect, account and enforce payment of taxes as may be due
to the FCT.
In
collaboration with relevant agencies, the board will review tax regime and
promote application of tax revenues with a view to stimulating economic
activities and development and as well administer, collect and enforce payment
of property tax in the FCT.
The
service will also issue a tax payer identification number to every person
taxable in the FCT, collate and review all policies of FCTA that relate
to taxation and revenue generation and simultaneously undertake a systematic
and progressive implementation of such policies.
The
board is also empowered to trace, freeze, confiscate or seize the proceeds of
tax fraud and evasion and from time to time determine the extent of financial
loss and other losses arising from tax waivers and other related matters.
Once
assented to, the FCT will be charged with the responsibility of fending for
itself and break away from the age-long tradition of being spoon fed by the
federal government which has been responsible for provision of funds for the
operations of the territory since inception.
Senators
hailed the third reading of the bill, saying it is coming at the time the
nation is facing economic challenges resulting from dependence on only oil as
Nigeria’s mainstay.
Tags
Nass
Get connected to hot richest sugar mummy in town) 08177219940)
ReplyDeleteAre you a young man or women
seeking or interested in sugar
mummy that can change your life completely, Are you
good in bed?
Do you really need a
rich sexy sugar mummy or sugar daddy
that can change your life
completely with money and influence,
so grab the opportunity to meet
sugar mummies and dadies from all works of
life,politician,bankers,oil
ladies,executives,directors,gold
ladies,cash money ladies,Global
Network
group friends,doctors,dubai
ladies,london
rich sugar mummies who are urgently
in need of sugar boys and some rich
daddies who are looking for young
girls to spend their money on
call us fast today to get connected via telephone number 08177219940.
Wealthy hot influential ladies are looking for you!
ReplyDelete(+2347054568330
Are You A Young Guy Looking For The Company Of lady For Fun And Financial Assistance? Sugar mummy that will pay you up 300,000 to 400,000 for a start 07054568330
Are You A Matured Rich But Lonely Woman That Need A Younger Guy For Revitalization?
Or A Rich Mature Man That Need Pretty And Sexy Girl To Have A Relaxation With?
Maybe You Are A Gay Or Lesbian That Need Partners To Satisfy With A Financial Reward.
Sugar World Connect Have Gone Extra Miles In Satisfying Our Customers, We Have Received Much More Contacts From Dignity People In The Society. And We Are Waiting To Get You Connected To One Of Them, Irrespective Of Your Location, We Have Covered The 36 States Of The Federation Just To Make Sure That We Bring A Maximum Satisfaction To You All.
Call Our Hot Line Today, We Are Sure You Will Call Back To Say Thank You. We Don't Delay, We Don't Disappoint, We Make It Happen Within 24Hrs.
Call +2347054568330
ReplyDeleteGet connected to hot richest sugar mummy in town) 08177219940)
Are you a young man or women
seeking or interested in sugar
mummy that can change your life completely, Are you
good in bed?
Do you really need a
rich sexy sugar mummy or sugar daddy
that can change your life
completely with money and influence,
so grab the opportunity to meet
sugar mummies and dadies from all works of
life,politician,bankers,oil
ladies,executives,directors,gold
ladies,cash money ladies,Global
Network
group friends,doctors,dubai
ladies,london
rich sugar mummies who are urgently
in need of sugar boys and some rich
daddies who are looking for young
girls to spend their money on
call us fast today to get connected via telephone number 08177219940.