FIRS LAUDS NNPC FOR TAX AUDIT

Last updated: 2016/08/10 at 9:58 PM

starconnect Published 10 August 2016

Abuja, August 10, 2016 – The Federal Inland Revenue Service (FIRS) has commended the Nigerian National Petroleum Corporation (NNPC) for subjecting itself to tax audit as a good responsible corporate citizen.

Chairman of FIRS, Mr. Tunde Fowler gave this commendation when he received the Group Managing Director of the NNPC, Dr. Maikanti Kacalla Baru and his management team at the FIRS Revenue House in Abuja.

Mr. Fowler thanked the NNPC for the cooperation it has extended to FIRS on tax matters over the years stressing that the two organizations are children of the same father committed to generating revenue for the Federal Government.

Responding, the GMD, Dr. Baru expressed the readiness of the NNPC to continue to collaborate with the FIRS, Central bank of Nigeria (CBN) and other government agencies to generate revenue for the Federal Government.

Dr. Baru suggested the setting up of a committee between the NNPC and FIRS to update the Corporation’s tax obligation upto 2015 assuring that all its joint venture partners would align themselves in order to ensure that the right taxes are paid.