\n
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.<\/p>\n
The decision to go after the tax defaulters followed the adoption of a motion moved by Esosa Iyawe on Thursday during plenary.<\/p>\n
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.<\/p>\n
Moving the motion, Iyawe said 5,000 companies owe the Federal Government N5.2 trillion between 2015 and 2019.<\/p>\n
He said that there is another report stating that in 2021, some companies failed to remit over N17 billion.<\/p>\n
\u201cAudit reports from 2015 to 2019 which revealed government agencies owing hundreds of billions in FIRS taxes comprising underpayments and under-recoveries and over 5,000 Companies and Ministries, Departments and Agencies (MDAs) of the Federal Government owing (N5.2 Trillion) (five trillion, two hundred billion, Naira in withholding taxes,\u201d he said.<\/p>\n
He stated that some of the culprits are multinational corporations that the Federal Government is treating with kid gloves, while small businesses are subjected to multiple taxes.<\/p>\n
The motion was taken unanimously without opposition.<\/p>\n
The House directed the committees to report back to the in four weeks.<\/p>\n
Reps to go after 5,000 companies owing Nigerian Govt N5.2 trillion in unpaid taxes<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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