States owe FIRS N41bn VAT – NEC

States owe FIRS N41bn VAT - NEC

The National Economic Council (NEC) says states owe the Federal Inland Revenue Service (FIRS), N41 billion in Value Added Tax (VAT) remittances.

Jigawa state Governor, Abubakar Badaru, made this known at the end of the NEC meeting presided over by Acting President, Yemi Osinbajo, at the State House Villa, Abuja on Thursday.

Badaru said the chairman of the FIRS, Babatunde Fowler, disclosed this while briefing the council.

He said, “He informed the states what their positions are and the outstanding due to the states of about N41 billion. He believes the states have to pay.

“He came up also with new technique and system that will help automatic collection of taxes both VAT and withholding tax. I think the states take and are willing to pay their outstanding.”

Badaru said the council was also told that from January to date, about N40 billion was remitted from the states, a significant increase compared to what happened last year.”