Lagos trade fair
he Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler/pulse.ng

Some states have not remitted Value Added Tax of N41bn to the Federal Government’s coffers, according to the Federal Inland Revenue Service.

Governor Abubakar Badaru of Jigawa State revealed this after the National Economic Council meeting on Thursday.

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Badaru said the state governments had only remitted about N40bn VAT and withholding tax to the FIRS between January and July.

“We had a briefing from the Chairman of the FIRS. It dwelt on the two aspects of tax. One is the Value Added Tax that is being collected by states,” the governor added.

“He informed the states what the positions are, that there is outstanding VAT from the states to the tune of N41bn.

“The FIRS also came up with new techniques/platform that will help in VAT/withholding tax collection. It is very important when talking of zero oil economy.”

According to him, “Currently, a lot is going on, on how to remit tax. With the new initiative, tax can now be transferred to the Federal Government.

“He said, so far, from January to date, about N40bn had been remitted from the states. This is a significant figure from what happened last year.

“So, the states are well notified and they are willing to pay.”