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FAAC queries N26.7bn shortfall in FIRS revenue remittances

valid until: 24 May 2020date published: 24 May 2019

The Federation Accounts Allocation Committee (FAAC) has queried revenue shortfall of about N26.7 billion cby the Federal Inland Revenue Service (FIRS). The amount is in variance to the balance in the Central Bank of Nigeria (CBN’s) coffers. The difference in the figure spread across revenue channels under the purview of FIRS. These include the Petroleum Profit Tax (PPT), Value Added Tax (VAT) and Company Income Tax (CIT).

read more: https://innerkonsult.com/faac-queries-n26-7bn-shortfall-in-firs-revenue-remittances/

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FAAC queries N26.7bn shortfall in FIRS revenue remittances

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