Tax Revenues: FIRS Partner On Recovery From Defaulting Companies - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
August 9, 2019
TheSpecial Presidential Investigation Panel for the Recovery of Public Property(SPIP) is to panel with the Federal Inland Revenue Service, FIRS, to recovertax revenues from companies who hitherto have been evading payment.
Thepanel spokesperson, Lucie-Ann Laha, in a statement issued in Abuja on Friday,said that the  Panel Chairman, OkoiObono-Obla, made this known when he received Mr Tunde Fowler, the FIRS Chairmanon a visit.
Obono-Oblaurged the FIRS to work with the panel to recover taxes and royalties owed theFederal Government by several oil companies amounting to billions of dollars.
Heinformed Fowler that the panel had uncovered about 1, 500 properties in Dubai,UAE, owned by Nigerians for which due taxes were not being paid to the Nigeriangovernment.
TheFIRS Chairman confirmed that both agencies had indeed been working together inthe past.
Fowlersaid that the deployment of ICT to the FIRS operations had among other things,reinforced internal controls which also helped to reduce fraud and bottlenecksin tax administration.