Senate Frowns At N17tr Loss On Tax Waivers
The Senate Committee on Finance has frowned at N17trillion loss incurred by the country on tax waivers within the last five years. The red chamber consequently urged the Federal Inland Revenue Service ( FIRS) , to suspend the tax waivers as a result of alleged abuse and substitute it with rebating system. Senate's objection to the allegedly abused tax waivers came to the open during the 2024 budget presentation of […]