* Errors caused by RMFAC, FIRS’ constant clashes, says SenateThe Chairman of the National Assembly, Senator Ahmad Lawan, on Monday directed the Finance Committees of the federal parliament to liaise with the Federal Ministry of Finance with a view to considering an amendment to the recently signed Finance Act 2022 in order to forestall avoidable loss of revenues.
“When the law was signed, it did not state clearly, the extent and scope of the taxes and levies in question. We are aware that the taxes and levies under the responsibilities of the FIRS are income tax, personal income tax, capital gain tax, VAT and so on. “It shall be an offence for any person to carry out the functions of administering, assessment, accounting or enforcement of taxes or levies due to the Federal Government of Nigeria unless authorised by the Ministry of Finance with the approval of the National Assembly.
Lawan said: “I wonder why the Ministry of Finance is not here because we need their intervention now. “It will be the fastest amendment because we need you to collect more monies for the federal government.”