FIRS Executive Chairman, Tunde Fowler, announced yesterday while reading his 2017 budget before the Senate Committee of Finance that the Federal Inland Revenue Service (FIRS) is projecting N1.8trillion Value Added Tax (VAT) collections for the 2017 fiscal year.

The chairman told the committee that the budget is focused on the capacity to increase VAT and other non-oil revenue.

Explaining further, he said vat is expected to grow from an actual of N828 billion to a budget of N1.8 trillion which is over 125% increase.

He also said the VAT collection will be a drive for the 2017 budget.

THE NATION