Browsing: Kmi Adeosun

A prominent result of the sampling exercise showed that some Tax Clearance certificates, which were presented at the point of contract award, were found to have little bearing on the true value of business conducted by the contractors. However, the Minister of Finance, Kemi Adeosun, assured that with the new multi agency, data driven approach, it would be far easier for tax authorities to cross check information provided in tax declarations and thereby ensure that the correct taxes were paid. The Federal Inland Revenue Service as part of its automation efforts has already eliminated the issuance of handwritten tax clearance certificates and other reforms are ongoing.