Economy

Reps ask FIRS to return N4.6 billion to FCT

The House of Representatives Committee on Public Account has asked the Federal Inland Revenue Service (FIRS) to return N4.6 billion which represents two percent of the total tax collected in the Federal Capital Territory (FCT) to the FCT Inland Revenue Service (FCT-IRS).

The chairman of the committee, Wole Oke (PDP-Osun), gave the ruling at a public hearing on Tuesday in Abuja.

He said it was wrong for the FIRS to take part of the money belonging to the FCT-IRS under any guise.

“Our ruling will be that the chairman of the FRIS should refund the taxes collected due to the FCT-IRS.

“That the chairman, FCT-IRS, if you are still in need of the services of FRIS, due process should be followed and engage FIRS and pay them properly,” he said.

Mr. Oke said by the establishment and commencement of operations by the FCT-IRS, they were entitled to collect five percent of total tax collection in the territory.

Earlier, the Chairman, FIRS, Tunde Fowler, said FIRS takes two percent of the total tax collected to cover for the cost services rendered to the FCT-IRS.

He said 170 FIRS members of staff were on secondment to FCT-IRS and that their salaries and other benefits were being paid by the FIRS.

Mr. Fowler said the FIRS also gave logistics support to the FCT-IRS and that it is housing the agency too.

“We started with four percent but as at last year, we renegotiated it to two percent.

“We support other states IRS but for FCT, we have given them building, logistics, and staff, even these two percent is not enough to cover the cost.

“We cannot continue to support them this way, I may be forced to pull out our all my staff and support which will have negative impact on revenue generation in the FCT,” he said.

-NAN

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