Skip to main content

RMAFC Discovers N115bn Tax Liabilities Owed By FG, States MDAs

Federal government agencies domiciled in certain states have failed to remit Pay as You Earn (PAYE) that have accrued over the years

- 40 billion still expected to be uncovered.

- Adamawa, Borno, Delta, Ebonyi, Katsina & Kebbi States given clean bill of health for tax compliance.

Recall that the Federal Inland Revenue Service has announced in 2011 that it would soon begin to wield the heavy arms of the law on government agencies over issues related to tax non-compliance; a situation that subsequently led to the arrest of Federal Capital Development Authority (FCDA) Chief, Adami Ismaila, over N28 billion unremitted taxes, a recent tax recovery exercise by Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has led to the discovery of N115, 811, 884,454.01 tax liabilities against a number of federal and states’ Ministries, Departments and Agencies (MDAs).

The local government council were also not left out of these revelations by RMAFC as they were entangled in the tax liabilities as well.

RMAFC’s Head of Public Relations, Ibrahim Mohammed, made this known in a statement yesterday that the commission was able to ascertain the amount as tax liabilities from the first phase of the tax investigation and recovery exercise carried out for the period 2005 – 2015 in 30 states.

He also said that N40 billion were still expected to be uncovered since the exercise is 10% away from completion. The concluding phase will have the commission shine its light on Bauchi, Cross River, Edo, Enugu and River States.

The statement further said that all states charged in this tax brouhaha has indicated their willingness to remit the liabilities and pleaded for waiver of penalty of N24,030,004,256.31 comprising N9,748,742,417.28 penalty and N14,281,261,839.03 interest respectively.

The statement also included the clean health status given to Adamawa, Borno, Delta, Ebonyi, Katsina & Kebbi States as they are were tax compliant.

Ibrahim Mohammed also stated in the statement that “in the course of the exercise, it was discovered that some Federal Government Agencies domiciled in the States were not remitting Pay As You Earn (PAYE) to the state governments thus depleting their Internally Generated Revenue (IGR) base.”

The commission also advised states like Bauchi, Cross River, Edo, Enugu and Rivers which are yet to join in the exercise to participate in the spirit of equity and fair play since they also reap from the dividends of tax proceeds remitted by other States.
#TaxProf

Comments

Popular posts from this blog

5 Interesting Things About Benin City

Benin City is the stunning capital of Edo state. It’s the center of Nigeria’s rubber industry and processing palm nuts for oil is also an important traditional industry there. There many interesting things to explore in this historic and cultural city. Jumia Travel, the leading online travel agency, shares 5 interesting things about Benin City. The Oba’s Palace Really, what’s more interesting than a palace? In truth, no vacation or visit to Benin City is complete without a visit to this cultural and historical splendor. The Royal Oba’s Palace is at the heart of the city and a repository of Benin crafts. It’s really a cultural and historic ‘goldmine’ with interesting ancient adornments and ornaments that are sincerely a delight to explore. The Benin Moat You’ve probably heard this name once or twice and wondered what exactly it was. The Benin Moat also known as ‘Iya’ is one of the largest man made earthwork in the world. The Benin Moat was actually used as a defensive fort...

Missing Nigerian Boy In Rome Found By Good Samaritan

A little Nigerian boy left his parents distraught after going missing while on vacation at the Basilica in the Vatican City,in Rome, Italy. The young boy was later reunited with his family after being found a female Vatican Secret Police - to the joy of his parents and siblings.  Read what the report shared by his father, Theodore Okwu Ejike Ekechi on Facebook;  In the euphoria of being admitted to the Basilica, our little son slipped from our tight grip. By the time we realised we're short-one, euphoria dissolved to hysteria. The ensuing traumatic drama was indescribable as the entire St Peter's Square resonated with our loud but palpable search wailing. It was like we cried in 'tongues' as almost all visitors from different walks of life could decode our heart-broken cries for help. Some instinctively joined us in this race against time. We feared the worst with a fast receding consolation that we're in a holy land. As the Swiss Police were preparing to raise ...

Men Jailed For Killing Asthmatic Boy In Enugu Jubilate After Regaining Freedom

It was a moment of jubilation after some inmates awaiting trial were freed at the Enugu high court complex as five of them who had spent five years in prison were discharged and acquitted of a crime they said they did not commit. According to Chijioke Okibe, one of the freed men told him that their journey started since 2013 when they were detained by Enugu SARS at their cell for allegedly killing a young asthmatic boy but that it happened that one of the inmates was tortured by SARS men which led to his death Five of them were as a result in ASA rated for five years but were discharged for want of diligent prosecution by Hon. justice CI Nwobodo yesterday 29/11/17