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FG orders MDAs, FIRS to authenticate Tax Certificates before payment to contractors

By Ndubuisi Francis, Abuja on 20/06/2018

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•Minister of Finance, Mrs. Kemi Adeosun
•Minister of Finance, Mrs. Kemi Adeosun

The federal government has directed all ministries, departments and agencies (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes.

The Ministry of Finance said in a statement that the directive was in response to the proliferation of forged TCCs purportedly issued prior to the automation of the certificates from August 22, 2017.

The statement, which was issued by Mr. Oluyinka Akintunde, the Special Adviser, Media & Communications to the Minister of Finance, Mrs. Kemi Adeosun, said the validation of the TCCs would enhance the integrity of the tax system.

According to the statement, a circular issued on Tuesday by Adeosun requires the MDAs to authenticate all TCCs prior to making any payment. For TCCs issued before August 22, 2017, the circular advised the MDAs and other stakeholders to forward a list of the companies and photocopies of the TCCs to the office of the Executive Chairman, FIRS for authentication.

“The FIRS has undertaken to verify the TCCs within 72 hours of receipt.

“The minister reminds company directors that possession is an offence. The now outdated manual system allowed production of forged TCCs.

“Companies and individuals in doubt as to the authenticity of their TCCs are advised to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularise,” the circular said.

Adeosun added that the “Federal Ministry of Finance and the FIRS will continue to work in partnership with government at all levels and stakeholders towards eradicating tax fraud and evasion”.

The federal government had in January 2018 directed vendors of MDAs to display their Tax Identification Numbers (TINs) on their invoices before payments are effected.

The non-presentation of a TIN by the vendors largely contributed to leakages in revenue remittances, particularly Value Added Tax (VAT) and Withholding Tax (WHT), the statement added. (ThisDay)

Source News Express

Posted 20/06/2018 12:50:11 AM

 

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