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Economy | Taxes & Tariffs

FIRS Lists NNPC Ltd as Highest Taxpayer in 2021; Proshare Nigeria Receives Recognition Award

Dec 28, 2022   •   by Proshare Research   •   Source: Proshare   •   eye-icon 483 views

The Federal Inland Revenue Service (FIRS) has listed the top taxpayers companies in 2021. Prominent companies on the list are NNPC Limited which was listed as the Highest Taxpayer in 2021 while Nigeria LNG Ltd was listed as the Most Supportive Taxpayer in 2021.

 

Other 18 Companies were listed as Top-Performing Taxpayer in 2021 and these include; Mobil Producing Unlimited, Star Deep Water Petroleum Limited, MTN Nigeria Communications Plc, Shell Petroleum Development Co Limited, Chevron Nigeria Limited, Total E & P Nigeria Limited, Airtel Networks Limited, Nestle Nigeria Plc, Dangote Cement, Nigerian Breweries Plc, Total Upstream Nig 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

 

Similarly, Proshare Nigeria Limited was also given an award of recognition on October 5th, 2022 for its contribution to the success of the Office within the Micro and Small Tax Audit (MSTA) category

 

Below is the official press release from the FIRS on the Top Tax-Complaint Companies in 2021

 

Top Tax-Compliant Companies In 2021

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 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. 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.

 

In recognition of their support and very laudable performances in tax compliance, tax payment and timely responses to enquiries, the Service hereby shows special appreciation to the following companies:

 

The service also appreciates Northern Cables Processing and Manufacturing Limited (NOCACO) and Ikeja Electric Plc for being most improved in Tax filing and VAT compliance respectively.

 


We urge all taxpayers to join hands with the Federal Inland Revenue Service to make taxation the pivot of our nation’s development and economic growth.

 

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