Rather than commend the taxpayers, the Federal Capital Territory Internal Revenue Service (FCT-IRS) threatened defaulters after announcing a collection of over N43.8 billion in Internally Generated Revenue (IGR).
The agency warned that it may take legal action against individuals and businesses that consistently fail to comply with tax laws.
The Acting Executive Chairman of FCT-IRS, Michael Ango, revealed this during a public awareness campaign in Abuja.
He explained that while the service encourages voluntary tax compliance, it is also prepared to enforce penalties on those who refuse to meet their tax obligations.
According to Ango, the agency collected a total of N262 billion in 2024, surpassing its N250 billion target.
With a strong start in 2025, the service remains committed to increasing revenue collection across various taxes, including personal income tax, capital gains tax, property tax, and entertainment tax.
He noted that businesses that fail to file their tax returns for 2025 could face penalties starting from N500,000.
The agency has already issued warning letters to some defaulting companies and plans to notify more soon.
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If payments are not made within two weeks, FCT-IRS will determine the next course of action, which may include prosecuting company executives.
Ango stressed that tax payments are essential for public infrastructure, including roads, hospitals, and schools.
He urged residents and business owners to fulfill their tax duties, warning that the agency will take strict action
