Contractors Must Be Tax Compliant Before They Get Paid – Buhari
Any contractor that is unable to present evidence of tax payment to the Federal Inland Revenue Service (FIRS) will henceforth not be paid by the Federal Government.
President Muhammadu Buhari this week, said the Federal Government would overhaul tax laws and codes to reflect present economic realities as government tries to reduce its over reliance on oil revenue.
He spoke at the 18th annual tax conference of the Chartered Institute of Taxation of Nigeria.
The President said henceforth, there would be confirmation of tax compliance before any payment can be made to beneficiaries.
He said: “It is now virtually impossible to get any payment, no matter how small from the Federal Government without being fully tax compliant. Before any payment is made, we make reference to the FIRS to confirm the tax status of that company.”
“No tax, no payment. It’s very simple,” he added.
The President was represented by the Minister of Finance, Kemi Adeosun