Oil & Gas
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THE Federal Inland Revenue Service, FIRS, has commended the Nigerian National Petroleum Corporation, NNPC, for subjecting itself to tax audit as a good responsible corporate citizen.
Tunde Fowler, chairman of FIRS, gave this commendation when he received Maikanti Baru, group managing director of the NNPC, and his management team at the FIRS Revenue House in Abuja.
Fowler thanked the NNPC for the cooperation it has extended to FIRS on tax matters over the years, stressing that the two organisations are children of the same father committed to generating revenue for the federal Government.
Responding, Baru expressed the readiness of the NNPC to continue to collaborate with the FIRS, Central bank of Nigeria, CBN, and other government agencies to generate revenue for the federal government.
Baru suggested the setting up of a committee between the NNPC and FIRS to update the corporation’s tax obligation upto 2015, assuring that all its joint venture partners would align themselves in order to ensure that the right taxes are paid.
— Aug 10, 2016 @ 18:58 GMT
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