Federal Government Remits Backlog of Pay as You Earn Taxes to States

Chairman, Federal Inland Revenue Service, Tunde Fowler, says the federal government has settled the one hundred and fifty seven point three five billion Pay As You Pay  tax liabilities owed states by Federal Ministries, Departments and Agencies

Fowler who was speaking yesterday at the South-East zone of the New National Taxpayer Identification Number  Registration System  in Awka, Anambra State also said the liabilities covered the period 2002 to 2016.

He expressed optimism that the remittances would encourage state governments to reciprocate and promptly remit all withholding taxes and value added tax collections due to the Federation Account.

He said over the last four years, the economic policies of the current administration have focused on establishing a stable foundation for further socio-economic growth and development.

Fowler, who is also the Chairman of the Joint Tax Board , said the impact has been made, not only in tax-revenue administration but in the environment of doing business in Nigeria.