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Mon, Sep 11, 2023 2:45 PM

NSITF and Plateau State Government Agree to Withdraw Tax Dispute

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NSITF and Plateau State Government Agree to Withdraw Tax Dispute
The Nigeria Social Insurance Trust Fund (NSITF) and the Plateau state government have reached an agreement to resolve their tax dispute. A four-man technical committee has been set up to address the matter, and the NSITF has paid a backlog of Pay As You Earn Tax (PAYE) to the Plateau State Internal Revenue Service (PSIRS).

The Nigeria Social Insurance Trust Fund (NSITF) and the Plateau state government have agreed to withdraw their tax dispute from the Tax Appeal Tribunal and subsequently set up a four-man technical committee to resolve the matter.

The members of the committee include Paul Yakubu and Markus Chollom from the Plateau State Internal Revenue Service (PSIRS) and Kwatmen Mattias as well as Oche Samson of the NSITF. The committee was given a week to deliver on the assignment.

A statement signed by the General Manager, Corporate Affairs of the fund, Nwachukwu Godson, said this comes as the NSITF paid the backlog of Pay As You Earn Tax (PAYE) of its regional and branch staff members to the tune of N62,000,000.00 to the Plateau State Internal Revenue Service (PSIRS).

Speaking while receiving the management of the Jos regional and branch offices of the NSITF in his office in Jos, the executive chairman of PSIRS, Mr. Jim Pam Waya, commended the new management of the fund for its renewed commitment to clearing the decade-long arrears of PAYE remittances to the state and accepted a request by the fund for an out of court settlement of the dispute which has been lingering at the Tax Appeal Tribunal. He further assured that PSIRS will support the NSITF towards the implementation of the Employee Compensation Scheme (ECS) to the benefit of workers in the state.

He expressed dissatisfaction that PSIRS reneged on its 1% contributions to employee compensation since registering for the scheme in 2012 and assured the NSITF of redress.

"This social security scheme is for the benefit of workers and their dependants in case of accident or death in the course of work. As the new executive chairman of PSIRS, my vision is to reposition it by aligning with programmes that promote our primary service to the state in terms of revenue generation as well as key into schemes such as the ECS which will uplift the welfare of our staff," he stated.

Source of content: OOO News 2023-09-11 News

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