The Rivers State Inter
nal Revenue Services (RIRS) has ordered multinational companies, oil servicing firms, banks and MDAs in Rivers State to verify the tax clearance certificates of their contractors from issuing authorities before awarding contracts or face sanctions.
The Executive Chairman of RIRS, Mrs Onene Osila Obele Oshoko, who gave the directive, said the order was in line with the Personal Income Tax Act (PITAM, 2011) as amended. She said the act stipulates that; “a person be it government organisation or corporate entity who fails to verify the genuineness of tax clearance certificates by referring same to the issuing tax authority is liable to conviction to a fine of N5,000,000 or imprisonment for 3 years or both.
The Executive Chairman in a statement made available to The Tide, further appreciated the efforts of embassies and ministries who have sent in tax clearance certificates for verification from relevant issuing authorities as a step in the right direction, stating that tax verification would help to stop fake tax clearance certificates in circulation.
The chairman warned that the RIRS would prosecute defaulters, and appealed to organisations doing business in Rivers State to desist from flouting constituted orders to foster a harmonies business relationship.