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FG orders MDAs to authenticate tax clearance certificates before payment

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FG
Minister of Finance, Mrs Kemi Adeosun

THE Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes.

This directive according to a statement from Media Adviser to Minister of Finance, Mrs Kemi Adeosun in Abuja on Tuesday explained was in response to the proliferation of forged TCCs purportedly issued prior to the automation of the certificates from 22nd August 2017.

The validation of the TCCs will enhance the integrity of the tax system.

A Circular issued on Tuesday by the Honourable Minister of Finance, Mrs Kemi Adeosun, requires the MDAs to authenticate all TCCs prior to making any payment.

TCCS (e-TCCs) can be verified via logging into https//tcc.firs.gov.ng and taking the following steps: click on verify e-TCC, enter the TCC number and complete the captcha, and click on submit to view the TCC number entered.

For TCCs issued before 22nd August 2017, the Circular advised the MDAs and other stakeholders to forward a list of the companies and photocopies of the TCCs to the office of the Executive Chairman, FIRS for authentication. The FIRS has undertaken to verify the TCCs within 72 hours of receipt.

Adeosun reminded company directors that possession is an offence. The now outdated manual system allowed production of forged TCCs.

ALSO READ: Adeosun to address OECD’s tax, revenue conference in New York

Companies and individuals in doubt as to the authenticity of their TCCs are advised to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularise.

She added that the Federal Ministry of Finance and the FIRS will continue to work in partnership with government at all levels and stakeholders towards eradicating tax fraud and evasion.

The Federal Government, it will be recalled, had in January 2018 directed vendors of MDAs to display their Tax Identification Numbers (TINs) on their invoices before payments are affected.

The non-presentation of a TIN by the vendors largely contributed to leakages in revenue remittances, particularly Value Added Tax (VAT) and Withholding Tax (WHT).

The post FG orders MDAs to authenticate tax clearance certificates before payment appeared first on Tribune.

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