FIRS reveals NLNG, NNPC, others as top-tax paying companies

The Federal Inland Revenue Service (FIRS) has revealed the names companies in Nigeria that are topmost in payment of taxes for the year, 2021 which made the agency to exceed the N6 trillion threshold.

The Federal Inland Revenue Service is the agency of the Federal government that collects taxes.

In a statement by the Executive Chairman of FIRS, Muhammad Nami, the agency listed top-performing companies as the Nigeria Liquefied Petroleum Gas Company Limited which was placed as the most supportive taxpayer while the NNPC was listed as the highest taxpayer.

The statement noted that the FIRS exceeded it’s N6 trillion threshold for the first time as a result of tax commitment of the agencies, while appreciated the taxpayers for their understanding, adding that they immensely contributed funds into the coffers of the Federal government.

The statement said: “The FIRS is pleased to celebrate the top-performing taxpayers who contributed to her success in 2021,”

“The Service surpassed its tax collection target in 2021, and in doing so, crossed the N6 trillion threshold for the first time,” he said.

Nami pointed out that the leadership platform created by President Muhammadu Buhari further deepened activities of the FIRS which made it to realize a tax revenue collection of N6.405 trillion in 2021, as well as support from the Ministry of Finance, Budget and National Planning, and the National Assembly.

“To everyone who contributed to FIRS’ success in 2021, we say thank you.

He was emphatic in his commendation of tax paying Companies and stakeholders as a result of the harsh global economic conditions brought about by the lingering COVID-19 pandemic, which didn’t affect the performance of FIRS.

Other highly placed Performing Taxpayers, he said, includes 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.

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.