Wike enforces tax clearance certificate as pre-condition for business transactions in FCT

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The Nation Newspaper Wike enforces tax clearance certificate as pre-condition for business transactions in FCT

, Mr Nyesom Wike, has mandated the demand and verification of Tax Clearance Certificate as a pre-condition for business transactions in the FCT.

“Both sections provide for demand and verification of TCC by the Federal Government Ministries, Departments and Agencies ; Commercial banks; and FCT Secretariats, Departments and Agencies . Elechi explained that Section 85 of the Personal Income Tax Act, 2011, provides that MDAs or a commercial bank demand for TCC when transacting with any person as specified by the law.

“Section 85 of PITA also provides that for purposes of obtaining a TCC, any person who gives incorrect information or obtains a TCC through misrepresentation, forgery or falsification is guilty of an offence. The mandate secretary added that Section 31 of the FCT – IRS Act equally makes TCC a pre-condition for transacting any business in the FCT.

Other affected transactions include: registration of a limited partnership, application for market stalls, and appointment or election into public office among others.“Consequently, all MDAs, commercial banks and SDAs were required to demand and verify TCC from all taxpayers before providing them with any services.

 

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