{"id":20851,"date":"2024-03-07T16:02:36","date_gmt":"2024-03-07T16:02:36","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/reps-to-go-after-5000-companies-owing-nigerian-govt-n5-2-trillion-in-unpaid-taxes\/"},"modified":"2024-03-07T16:02:36","modified_gmt":"2024-03-07T16:02:36","slug":"reps-to-go-after-5000-companies-owing-nigerian-govt-n5-2-trillion-in-unpaid-taxes","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/reps-to-go-after-5000-companies-owing-nigerian-govt-n5-2-trillion-in-unpaid-taxes\/","title":{"rendered":"Reps to go after 5,000 companies owing Nigerian Govt N5.2 trillion in unpaid taxes"},"content":{"rendered":"
\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":"

The House of Representatives has mandated its committees to investigate the non-remittance of N5 trillion to the Federal Government by…<\/p>\n","protected":false},"author":1,"featured_media":20852,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,15,1768,761],"tags":[519,764,180,1255,762],"class_list":["post-20851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-reps","category-top-headlines","tag-business","tag-headlines","tag-news","tag-reps","tag-top"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/20851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=20851"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/20851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/20852"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=20851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=20851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=20851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}