Senate Kicks As FIRS Fails To Trace N17bn Tax Payment

The Senate has ordered the management of the Federal Inland Revenue Service ( FIRS) to go after companies that failed to pay their due taxes in 2015 as

These were fallouts of the queries issued against FIRS and 104 other public agencies by the Office of Auditor-General of the Federation in the 2015 Audit report , sustained and adopted by the Senate .

“The unrecovered taxes are made up of Value Added Tax, Company Income Tax, Withholding Tax , Education Tax and NITDEF. “Several companies were also discovered to have defaulted in filling their Annual Returns many of which FIRS said could not be located due to change of addresses.” The query reads: ” A contract for the sum of N32, 667,600.00million awarded by FIRS , was split and distributed to four companies , whose submissions were earlier rejected , mainly to accommodate the approval ceiling of the chairman , contrary to Financial Regulations 2921.

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