Tag: Tax Backlog

H/Reps to go after 5,000 companies owing FG N5.2tr unpaid taxes

Aminu Imam

The House of Representatives has mandated its committees to investigate the non-remittance of N5 trillion to the Federal Government by some businesses operating in Nigeria. The decision to go after the tax defaulters followed the adoption of a Motion moved by Esosa Iyawe yesterday during plenary. The House resolved to mandate the Committees on Public Account and Finance to probe the non-remittance by the organizations and recover the money owed the Government. Moving the Motion, Iyawe said 5,000 companies owe the Federal Government N5.2 trillion between 2015 and 2019. He…

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Tax Evasion: Tribunal orders DSTV to pay FG N900bn tax backlog

Ishaku Yohanna

A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, owners of cable television services, DSTV, to pay 50 per cent of N1.8 trillion tax backlog to the Federal Inland Revenue Service (FIRS). Mr Abdullahi Ahmad, the Director, Communications and Liaison Department of the FIRS, made this known in a statement in Abuja on Wednesday. Ahmad explained that FIRS discovered the backlog through a forensic audit as it showed that Multichoice Nigeria Limited had failed to pay to the Government of Nigeria in past assessment years. He…

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