Business

FG Asks States To Remit N41bn VAT To FIRS

 

The Federal Government has asked states to remit N41bn Value Added Tax (VAT) to the Federal Inland Revenue Service (FIRS).

The Jigawa State Governor, Badaru Abubakar, disclosed this to journalists on Thursday after the National Economic Council (NEC) meeting in Abuja.

Governor Abubakar said that the council was confident that the states owing will remit to the FIRS.

He said “We had a briefing from the chairman of the FIRS and it dwelt on two aspects of tax issues; one is on the value-added tax(VAT) that is being collected by states.

“He informed the states what their positions are and the outstanding due to the states of about N41 billion”.

Governor Abubakar noted that there was an improvement in tax remission from states in comparison with that of last year.

“So far, from January to date, about N40 billion was remitted from the states, which has a significant increase compared to the what happened last year”, he said.

The Jigawa governor further stated that an audit was going on in many states on how to reconcile figures between what the states had and what the FIRS had.

oluchi

Disqus Comments Loading...
Share
Published by
oluchi
Tags: FGFIRSVAT

Recent Posts

Falling Diesel Prices Will Bring Down Inflation — Dangote

He stated this on Wednesday during a chat with journalists after he paid Eid-el-Fitr homage…

7 hours ago

US Budget Deficit Exceeds $1 Trillion Through March

In particular, there was a 32 percent rise in gross corporate taxes collected and an…

7 hours ago

Barcelona Win 3-2 At PSG In Champions League Quarter-final

After falling behind to a Raphinha goal, PSG struck twice early in the second half…

9 hours ago

Atletico Beat Dortmund In Champions League Quarter-final First Leg

Rodrigo De Paul and Samuel Lino's first-half goals gave Diego Simeone's side a commanding lead…

9 hours ago

Canada Readies For Another ‘explosive’ Wildfire Season

There are multiple indications for major risk, including a warmer-than-normal winter that left little snow…

9 hours ago

Nadal Hopes To Return From Injury For Barcelona Open

His one appearance since Brisbane came in an exhibition match against Carlos Alcaraz in Las…

9 hours ago