✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

No tax clearance, no building permit, others — FCT-IRS

The Federal Capital Territory-Internal Revenue Service has said going forward, residents of the FCT will need a Tax Clearance Certificate (TCC) to get any kind of service from the FCT.

The Executive Chairman, FCT-IRS, Mr. Haruna Abdullah made the disclosure at a round table conversation with Business Editors in Abuja at the weekend.

He said: “About a month ago, there’s a circular, I’m sure some of you might have seen it, where the FCT Minister, Nyesom Wike approved the  implementation of section 85 of the Personal Income Tax Act and section 31 of the FCT IRS Act.

SPONSOR AD

“You must file your returns, you must get a tax clearance certificate, because you cannot register your vehicle, DRTS will have to get a TCC and verify it.

Wike Approves Collection of tax from Abuja Property Owners

Already missing the unbeatable Governor Yahaya Bello

“You cannot get a building permit, even if it’s your wall that falls, before Development Control can give you the permit to go ahead to do that, you need to show a TCC and that TCC must be verified by the appropriate tax authority.”

Abdullahi said the verification process takes just one minute because there is a QR code on the TCC.

“We are now collaborating with all relevant agencies, such that we just do our part  and then you receive an email from us to say, yes, this TCC is ours, it’s fake, it’s valid, it has expired, and then it gives you the go ahead.”

He further explained that the FCT IRS Act empowers the minister to come up with a property tax regulation for the FCT.

He said after a long conversation, the Minister of FCT-IRS would come up with a draft regulation and the FCT Minister has approved the initiative.

“We just inaugurated another committee and we’re now implementing the capital gains tax law. Previously, people just voluntarily go and pay so there is very little payment in terms of capital gains tax. But now, we have briefed the minister and he has approved.

“We are now going to begin to implement the capital gains tax fully. So you can imagine an FCT with a property tax, an FCT with a fully implemented capital gains tax.”

 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

NEWS UPDATE: Nigerians have been finally approved to earn Dollars from home, acquire premium domains for as low as $1500, profit as much as $22,000 (₦37million+).


Click here to start.