MDAs, Keystone Bank, NICON Hotel, Arik Top List Of Tax Defaulters

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Notable business entities in the country have been ac­cused of deliberately refus­ing to remit taxes totaling N26.014 billion to the Feder­al Inland Revenue Service (FIRS) from 2015 to date.

The affected entities are Keystone Bank, Arik Air­lines Limited, Niger Delta PHCN, Arab Construction, Nigerian Security Printing and Minting, Daar Commu­nication, NICON Luxury Hotel, Niger Insurance, Nigerian Maritime Admin­istration and Safety Agen­cy, Ministry of Defence, Ministry of Petroleum Re­sources, National Identity Management Commission, Nigeria Export Processing Zone, among others.

In a published statement on Tuesday, the House of Representatives Committee on Public Accounts said the business entities accumu­lated the figure through value-added tax, compa­nies income tax, withhold­ing tax, personal income tax, pay-as-you-earn tax, education tax, and relevant contracts tax.

The committee said, “At the meeting of the Public Accounts Committee with the Federal Inland Reve­nue Service (FIRS) on the Auditor-General’s 2015 re­port held on Monday, July 27, 2020, the committee discovered that some com­panies deliberately refused to remit taxes to FIRS since 2015 to date and this contra­venes relevant provision of tax law and financial regu­lations.

“All listed companies are hereby summoned to cause appearance before the Pub­lic Accounts Committee on Monday, August 20, 2020, at 11.00 a.m in Meeting Room 446, House of Representa­tives New Building, to ren­der evidence of payment of their outstanding taxes”.

Top on the list of default­ing companies are Arik Airlines Limited with a total of N4.868 billion of value-added tax and with ­holding tax; Niger Delta PHCN has a total of N2.944 billion from value-added tax and withholding tax; IRS Airlines Limited with N1.713 billion of value add­ed tax; Arab Construction with N1.391 billion of val­ue added tax and Keystone Bank with N890.781 million from value-added tax.  

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