BNW

B N W: Biafra Nigeria World News

...For a better society... Wednesday, July 28 2004 Vol 17 No.30 News Editorial Politics Opinion Features Foreign News The Arts Sports Education Business Money/Market Travels/Tourism Property/Environment Columnists Senate queries tax waivers granted to MTN, LNG NDIDI OKAFOR, Abuja THE Senate has queried the tax waivers granted to MTN, one of the Global System of Mobile Communications (GSM) service providers, and the Liquefied Natural Gas (LNG) companies. The Senate Committee on Public Accounts has asked for details of the exemption policy. Chairman of the committee, Senator Mamman Ali, had told the chairman, Federal Inland Revenue Services (FIRS), Miss Ifueko Omoigui, to submit to the committee by next week, details of the tax exemption for MTN and LNG despite the huge profits they make. Miss Omoigui had, while briefing the committee on the activities of FIRS, disclosed that the two companies tagged "pioneer companies" have been exempted from paying tax for five years. Apparently irked by the disclosure, the committee asked the chairman of FIRS to furnish it with details of the exemption next week so that it can ascertain whether or not the action was proper and within the law. Senator Ali said "we want the details of the tax exemption for MTN and others to know whether it was a matter of policy or law." Lamenting the problem of under funding of FIRS however, its chairman, Omogui appealed to the committee on public accounts to intervene so that it can function properly. She further told the Senate that Federal Government agencies and ministries were yet to remit to FIRS N14 billion being tax collected from its workers. According to her, the National Electric Power Authority (NEPA) is the worst culprit as it is yet to remit to FIRS, N6.5 billion. Responding, Senator Ali vowed to ensure that the trend is reversed and defaulters brought to book. Senator Ali wondered why NEPA and NITEL uses force sometimes to collect money from customers would indulge in withholding taxes collected from their workers on behalf of the FIRS. FIRS boss also told the Mamman Ali - Committee that a tax policy reform was in the offing and called for the support of the committee. � 2004 @ Champion Newspapers Limited (All Right Reserved). Powered By dnetsystems.net dnet�

	BNW News
Voice of Biafra | Biafra World | Biafra Online | Biafra Web | MASSOB | Biafra Forum | BLM | Biafra Consortium
	© 2001 BNW BiafraNigeriaWorld  Privacy Policy ---------------------------------------------------------------------------------- Powered by ACENetwork ----------------------------------------------------------------------------------
	Axiom PSI Yam Festival Series, Iri Ji Nd'Igbo the Kola-Nut Series,Nigeria Masterweb