NNPLC withheld $262.6 million tax due to FIRS …C0NTINUE READING HERE >>>
The Nigerian Petroleum Company Limited has withheld the sum of $262.6 million in taxes due to the Federal Inland Revenue.
This is according to a report from a Federation Allocation Account Committee Post-Mortem Sub-Committee (PMSC) meeting held in August 2024.
Accordingly, the deducted $262.6 million is as part of the Road Infrastructure Tax Credit Scheme (RITCS).
The report noted that NNPCL made monthly deductions of $52.51 million from the amount due to FIRS for Joint Venture, JV Gas,…
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