…Commends taxpayers for compliance, support
The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in the year 2021 as it commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic.
The list of top-performing taxpayers include the Nigeria Liquified Petroleum Gas Company Ltd, which was recognised as the Most Supportive Taxpayer; the Nigeria National Petroleum Company listed as the Highest Taxpayer.
Others on the list of Top-Performing Taxpayers are: Mobil Producing Limited, Star Deep Water Petroleum, MTN Nigeria Communications Plc, Shell Petroleum Development Company Limited, Chevron Nigeria Limited, Total E & P Nigeria Limited, Airtel Networks Limited.
Among them are Nigeria Petroleum Development Company Limited, Nestle Nig Plc, Dangote Cement, Nigeria Breweries Plc, Total Upstream Nigeria Ltd, Indorama Eleme Petrochemicals Ltd, NIG Agip Oil Co. Ltd, British American Tobacco Marketing, Guaranty Trust Bank Plc, Stanbic IBC Bank Plc, and Lafarge Africa Plc.
In media statement signed by the Executive Chairman, Muhammad Nami, FIRS conceded that without the taxpayers the service would not have been able to achieve the feat it recorded last year when it surpassed its tax collection target for the year and crossed the N6 trillion threshold for the first time.
The statement read in parts: “The FIRS is pleased to celebrate the top-performing taxpayers who contributed to her success in 2021. The Service surpassed its tax collection target in 2021, and in doing so, crossed the N6 trillion threshold for the first time.”
According to FIRS, the tax revenue collection of N6.405 trillion last year was made possible, courtesy the leadership of the President, Muhammadu Buhari, the support of the Ministry of Finance, Budget and National Planning, and the National Assembly too.
The feat, it added, recorded by the Service was made possible by the uncommon leadership of Buhari, the active support of our supervisory ministry, the backing of the National Assembly and its leadership as well as the cooperation of all other stakeholders in the tax area.
“To everyone who contributed to FIRS’ success in 2021, we say thank you. Of particular importance is the contribution of our much-esteemed taxpayers; they defied the very harsh global economic conditions imposed by the lingering COVID-19 pandemic to produce a heroic performance in tax payment, compliance, and support.
“The combined efforts of all taxpayers made it possible for the Service to achieve the tax revenue collection of 2021 which provided our governments with necessary funds to meet their social contracts with the citizens,” the FIRS noted.
It also commended the Northern Cables Processing and Manufacturing Limited (NOCACO) and Ikeja Electric Plc for being the most improved in tax filing and VAT compliance respectively.
The revenue authority, therefore, urged taxpayers to join hands with the FIRS to make taxation the pivot of the nation’s development and economic growth.