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Tax Compliance: FIRS Lists Nigeria’s Top-Performing Taxpayers In The Year 2021

Tax Compliance: FIRS Lists Nigeria's Top-Performing Taxpayers In The Year 2021

The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in the year 2021, and commended them for their exceptional efforts.

In a Press Release signed by the Executive Chairman, Muhammad Nami emphasized that the Oil and Gas sector has laid a foundation for the economy since the early 60s.

The Chairman appreciated the country’s taxpayers, noting that without them the Service would not have been able to achieve the feat it recorded in 2021.

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Stating that it surpassed its tax collection target for the year and crossed the N6trillion threshold for the first time.

He added that the money used in importing redefined products is more than the money generated from selling them to the refineries.

He said,

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“The FIRS is pleased to celebrate the top-performing taxpayers who contributed to her success in 2021,” the release stated.

“The Service surpassed its tax collection target in 2021, and in doing so, crossed the N6trillion threshold for the first time.

“The feat recorded by the Service was made possible by the uncommon leadership of the President, Commander-in-Chief of the Armed Forces of Nigeria – 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.

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“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.

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On the list of top-performing taxpayers included,

  • Nigeria Liquified Petroleum Gas Company Ltd. It was recognized as the Most Supportive Taxpayer
  • Nigeria National Petroleum Company, listed as the Highest Taxpayer.
  • 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
  • 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.

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

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