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Reps committee summons banks, consultants over under remittance of education tax


The House of Representatives Committee on Tertiary Education Trust Fund (TETFund) has summoned all banks operating in the country and their tax consultants to appear before it to reconcile the Education tax computation not remitted to TETFund by the banks between 2011 and 2022.

 

The chairman of the committee, Honourable MARIAM ODINAKA ONUOHA gave the directive when some banks appeared before the committee to defend their Education Tax remittances to the Fund over the years.

 

According to her, there were differences between what the banks remitted and what was computed by their auditors and tax consultants.

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