High-net-worth residents of the Federal Capital Territory would how have a specially designated tax unit at the FCT-Internal Revenue Service.
Michael Ango, the acting executive chairman of the FCT-IRS said the service has created a dedicated unit to tax over 10,000 rich residents of the FCT.
In a circular issued on Sunday in Abuja, Ango said the initiative is aimed am boosting revenue generation in the FCT.
According to Ango, the new unit would focus on assessing and collecting income and other taxes.
The unit will also oversee the compliance and enforcement of high net-worth individuals’ tax obligations in the FCT.
Stating the new unit would also interface with various agencies – both government and private – the FCT-IRS chair said the HNI is any individual whether in paid employment, self-employed, carrying on business or having a passive annual income of N25 million and above in any financial year.
Receive Alerts On:
Facebook: METRODAILYNG Twitter: @METRODAILYNG
REACH THE RIGHT PEOPLE AT THE RIGHT TIME WITH METRO DAILY NIGERIA. TRY AND ADVERTISE ANY KIND OF YOUR BUSINESS TO USERS ONLINE TODAY. KINDLY CONTACT US FOR YOUR ADVERTS OR PUBLICATIONS @ METRODAILYNG@GMAIL.COM or 08077778839. OR VISIT US AT OUR OFFICE AT
PLOT 273 REINSURANCE BUILDING
HERBERT MACAULAY WAY
2ND FLOOR, C WING, CENTRAL BUSINESS DISTRICT (CBD)
ABUJA – FCT.