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FIRS: States’ unremitted VAT hits N41bn

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FIRS targets LGs to curb multiple taxation

The Federal Inland Revenue Service (FIRS) said the state governments have failed to remit Value Added Tax (VAT) worth N41 billion to the Federal Government’s coffers.

The Jigawa State Governor, Abubakar Badaru, revealed this on Thursday while speaking with newsmen after the National Economic Council (NEC) meeting which was presided over by the Acting President, Yemi Osinbajo.

Badaru said the failure of the states to remit the fund was part of the presentation made to NEC by the Chairman of the FIRS, Babatunde Fowler.

According to him, Fowler told the council members that the service was embarking on some initiatives aimed at improving tax collection and remittance from the states.

“We had a briefing from the Chairman of the FIRS. It dwelt on the two aspects of tax. One is the Value Added Tax that is being collected by states. He informed the states what the positions are, that there is outstanding VAT from the states to the tune of N41 billion.

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“The FIRS also came up with new techniques/platform that will help in VAT/withholding tax collection. It is very important when talking of zero oil economy. Currently, a lot is going on, on how to remit tax. With the new initiative, tax can now be transferred to the Federal Government.

“He said, so far, from January to date, about N40 billion had been remitted from the states. This is a significant figure from what happened last year. So, the states are well notified and they are willing to pay,” he said.

 

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