Featured Politics News

MDAs to authenticate tax clearance certificates before payment – Adeosun

By Olamilekan FAWAS

The Minister of Finance, Mrs Kemi Adeosun, has directed Ministries, Departments and Agencies (MDAs) to authenticate Tax Clearance Certificates (TCCs) presented by companies and individuals for public procurement before making any payment.

She said this in a statement by Mr Oluyinka Akintunde, Special Adviser, Media and Communications on Tuesday in Abuja.

Adeosun said the instruction was directed at MDAs and the Federal Inland Revenue Service (FIRS) in response to the proliferation of forged TCCs purportedly issued prior to the automation of the certificates from August 22, 2017.

She added that the validation of the TCCs would enhance the integrity of the tax system.

“Electronic TCCS (e-TCCs) can be verified via logging into https//tcc.firs.gov.ng and clicking on verify e-TCC, enter the TCC number and complete the captcha, and click on submit to view the TCC number entered,” she said.

For TCCs issued before August 22, 2017, she 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.

According to her, the FIRS has undertaken to verify the TCCs within 72 hours of receipt because the old manual system allowed the 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,” she said.

She added the Ministry of Finance and the FIRS would continually work in partnership with government at all levels and stakeholders towards eradicating tax fraud and evasion.

Adeosun recalled that the Federal Government had in January directed vendors of MDAs to display their Tax Identification Numbers (TINs) on their invoices before payment.

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

Related posts

House Investigates Mysterious Deaths in Bonny Island

Our Reporter

Petrol hike: IPMAN directs members to revert to old price of N170

Meletus EZE

Four injured in southern Philippine explosion

By Meletus EZE

Summon Police Council over Insecurity, State Policing, PDP Govs Urge Buhari

Our Reporter

Poverty, economic crisis deepening daily, says Osinbajo

Our Reporter

Prosecute electoral offenders before Kogi, Bayelsa polls- CSOs

By Elizabeth ADENUGA