FCT – IRS BEGINS IMMEDIATE COLLECTION OF TAXES IN FEDERAL CAPITAL TERRITORY

The Federal Inland Revenue Service (FIRS) and the FCT Internal Revenue Service (FCT-IRS) today released a joint statement informing the public on the commencement of operations of the FCT-IRS as the relevant tax authority for the collection of taxes relating to the FCT following the appointment and inauguration of the Executive Chairman of the latter by the Honorable Minister of the Federal Capital Territory (FCT). The FCT Internal Revenue Service Act was passed in 2015 by the last administration, taking away the responsibility for the collection of taxes of FCT residents from the FIRS.