The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has mandated the demand and verification of Tax Clearance Certificate (TCC) as a pre-condition for business transactions in the FCT.

Chinedum Elechi, the Mandate Secretary, Economic Planning, Revenue Generation and Public Private Partnership Secretariat, FCT Administration (FCTA), made this known at a press conference in Abuja on Monday.

"I am here today to announce that the Minister of the FCT has approved the implementation of Section 85 of Personal Income Tax Act (PITA) and Section 31 of the FCT Internal Revenue Service Act, 2015.

"Both sections provide for demand and verification of TCC by the Federal Government Ministries, Departments and Agencies (MDAs); commercial banks; and FCT Secretariats, Departments and Agencies (SDAs).

"Implementation of these laws is intended to ensure that all eligible taxpayers in the FCT comply with their tax obligations.

"This will ensure that the FCT Administration gets the required resources it needs to provide essential services to FCT residents," he said.

Elechi explained that Section 85 of the Personal Income Tax Act, 2011, provides that MDAs or a commercial bank demand for TCC when transacting with any person as specified by the law.

He added that the TCC would cover the immediate past three years preceding the current year of assessment.

He further said that MDAs or commercial banks shall also verify the authenticity of the tax clearance certificate by the issuing tax authority before carrying out any of the transactions.

"Section 85 of PITA also provides that for purposes of obtaining a TCC, any person who gives incorrect information or obtains a TCC through misrepresentation, forgery or falsification is guilty of an offence.

"Such a person is liable on conviction to a fine of ₦50,000, plus twice the tax payable by him or her, or to imprisonment for three years or to both such fine and imprisonment.

"Similarly, a person, be it a government organisation or corporate entity to whom Section 85 applies, who fails to demand for, or verify a TCC, is guilty of an offence and is liable on conviction to a fine of N5 million, or to imprisonment for three years or both fine and imprisonment," he said.

The mandate secretary added that Section 31 of the FCT–IRS Act equally makes TCC a pre-condition for transacting any business in the FCT.

He identified some of the transactions that require a TCC as property transactions, certificate of occupancy, registration as a contractor, awards of contracts and building plan approval.

Others are: government licence or permit, application relating to the establishment or conduct of business, FCTA housing loan, motor vehicle registration, registration of distributorship and confirmation of membership of any public board.

Other affected transactions include: registration of a limited partnership, application for market stalls, and appointment or election into public office among others.

"Consequently, all MDAs, commercial banks and SDAs were required to demand and verify TCC from all taxpayers before providing them with any services.

"On behalf of the FCT Administration, we urge all individuals, corporations, corporation-soles, trustees, or executors to ensure that they pay their taxes, obtain their TCCs and present them whenever required," Elechi said.

According to him, the primary mandate of the government is to provide security and welfare of the people, adding that this cannot be achieved if citizens do not pay their taxes.

"Taxes are essential to the foundation of any government, and it is important that everyone pays their fair share as a civic duty and responsibility," he added.

athaboi:
Nonsense man

NwaNimo1:
The Tyrant strikes again...



Wike dness.....

kaludestiny10:
Wike just dey waste him time and energy for Abuja. Though the idea is a good one, but it won't work.

chokekachy:


https://www.pulse.ng/news/business/wike-orders-agencies-banks-to-stop-doing-business-with-non-tax-payers-fct/j5g824w?utm_source=twitter&utm_medium=social+&fbclid=IwAR2Y1NfzpciIjVmr89C9NPmqX3ckDQ-tEXSMB5VhL4ipN1V4BBaQqp4-6zc

kaludestiny10:
Wike just dey waste him time and energy for Abuja. Though the idea is a good one, but it won't work.

PrinceOfLagos:
Fulani people left the group chat