Fowler Gets Monday Deadline To Explain Discrepancies In Tax Collections

President Muhammadu Buhari has given the Executive Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler till Monday to explain the gaps in tax collections between 2015 and 2018.

 Fowler, whose top echelon of his FIRS has in recent times, been under the searchlight of the Economic and Financial Crime Commission (EFCC) for duty tour allowance (DTA) is expected to explain the discrepancies between the budgeted collections and the actual for the period under review. In a letter signed by Chief of staff to the president, Abba Kyari to Fowler whose tenure expires Saturday, the presidency noted significant variances between budgeted FIRS Collections and Actual Collections for Period 2015 to 2018. “Accordingly, you are kindly invited to submit a comprehensive variance analysis explaining the reasons for the discrepancies between budgeted and Actual collections for each main Tax item for each of the years 2015 to 2018. The FIRS Chairman was also queried over Actual Collections for Periods 2015 to 2017 as it was ‘Significantly Worse’ than what was collected between 2012 and 2014. “Furthermore, we observed that the actual collections for the period 2015 to 2017 were significantly worse than what was collected between 2012 and 2014. He was accordingly, invited to give detailed explanations on the reasons for the poor collections during the periods under consideration.


Source: Inside business