FIRS Appoints Enterprise Bank As Collecting Bank

The Federal Inland Revenue Services (FIRS), has appointed the new Enterprise Bank (EBL) as a collector for the agency.

A statement signed by the head, Tax Revenue Accounting Department Mrs. F.N. Okoroafor dated November 21, 2011 reads in part: “We wish to inform you that after carefully examining your application, the management of FIRS has appointed Enterprise Bank Limited to the tax collection scheme with immediate effect.”

With this development, all branches of Enterprise Bank nationwide will henceforth collect revenues on behalf of  FIRS. These include capital gains tax, company income tax, education tax, FIRS PAYE, personal income tax, pre-occupational levy, stamp duties, value-added tax, withholding tax and the National Information Technology Development Agency (NITDA) levy.

The statement further stated that Enterprise Bank, which came into existence as a new bank on August 5, 2011 received the approval after thorough evaluation of the capabilities of the bank by the management of FIRS.

According to a statement from the bank, its robust collection system has again been strengthened to ensure seamless transactions for its customers who can henceforth walk into any of the bank’s branches across the country to settle any of the listed FIRS bills, adding that the bank is happy at the level of trust the federal agency reposes in Enterprise Bank Limited.

Other taxes and bills in addition to the Power Holding Company of Nigeria (PHCN) payable at the bank’s branches include all state and local government revenues, which include Pay As You Earn (PAYE), Direct Assessment, Withholding Tax (WHT), Federal Road Safety Corps (FRSC) new number plate, water rates, water bills among several others.

Through the bank’s Internet channels, customers can also pay for their DSTV, HITV, among others.