FIRS Celebrates NLPG, 21 Others Top Taxpayers In 2021

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For fulfilling their tax obligations despite the ravaging Covid-19 pandemic and the attendant harsh economy, the Federal Inland Revenue Service (FIRS) has celebrated Nigeria Liquified Petroleum Gas Company Ltd and 21 others, describing them as the top taxpayers for 2021.

Companies in Nigeria weathered a turbulent time from 2019 through 2022 occasioned by oil price plunge, the pandemic and insecurity that battered the economy.

Despite these challenges, the FIRS commended the companies for their exceptional efforts for providing the necessary funds for the government to meet its social contract with the Nigerian citizens.

NLPG tops the list of top-performing taxpayers and was described as the Most Supportive Taxpayer; while the Nigeria National Petroleum Company (NNPC) was 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, and Total E & P Nigeria Limited.

Also on list are Airtel Networks Limited, 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 IBTC Bank Plc and Lafarge Africa Plc.

The FIRS also appreciated the Northern Cables Processing and Manufacturing Limited (NOCACO) and the Ikeja Electric Plc for being the most improved in tax filing and VAT compliance respectively.

The FIRS, in a statement signed by its Executive Chairman, Muhammad Nami, said the Service would not have been able to generate N6.405 trillion in 2021 without the support of the country’s taxpayers,.

“In 2021 the FIRS surpassed tax collection target for the year and crossed the N6trillion threshold for the first time’, stated the Executive Chairman who also thanked President Muhammadu Buhari, the support of the Ministry of Finance, Budget and National Planning, and the National Assembly for the tax revenue collection of N6.405 trillion in 2021.

“The feat recorded by the Service was made possible by the uncommon leadership of the President Muhammadu 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 conditions imposed by the lingering COVID-19 pandemic to produce a heroic performance in tax payment, compliance and support.

The revenue authority urged taxpayers to join hands with the FIRS to make taxation the pivot of the nation’s development and economic growth.

Recall that the country’s top-performing taxpayers were scheduled to be unveiled, recognized and awarded by President Muhammadu Buhari at an exclusive dinner during the FIRS 2022 National Tax Week; this was however canceled in honor of the victims of the unfortunate attack on the Kaduna-Abuja railway on the 28th of March, 2022.

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