OAGF, JTB Constitute Joint Reconciliation Team on PAYE Tax Remittances

AGF Ahmed Idris fcna and secretary Joint Board Obomeghie Nana- Aisha during a courtesy visit to AGF at Treasury House, Abuja 

REISSUED – The of the Accountant General of the Federation (OAGF) and the Joint Board(JTB) are to a Joint Reconciliation Team to reconcile variation observed in the monthly PAYE remittances.

Henshaw Ogubike,Director (Information, Press and Public ) disclosed in a that th eAccountant General of the Federation, Ahmed Idris FCNA dropped this hint in Abuja when the Secretary of the Joint Tax Board (JTB), Obomeghie Nana-Aisha led members of the JTB on a visit to him.

Idris said the Joint Reconciliation Team will comprise officers from both agencies and will sit monthly to resolve issues concerning non remittances and variations observed in remittance of monthly PAYE tax.

“I recommend that all matters concerning non remittances, figures not agreeing on month by month basis as far as deductions are concerned, can easily addressed if we have a common joint reconciliation team that will sitting monthly, made up of officers from the OAGF and the JTB. there an established team that will looking at these figures”, he said.

The Accountant General of the Federation who was responding to the Secretary of the Joint Tax Board’s observation regarding fluctuation and inconsistencies in PAYE tax remittance, explained that variations in figures from time to time could due to many legitimate reasons, adding that such differences are always corrected through reconciliation of records.

“There are many legitimate reasons why variation arise from time to time, it is known to us as accountants that figures will never be the same from one period to another. That is why in accounting, reconciliation exercise is recognized so that figures are harmonized and the cause of the variations are revealed”, he said.

Idris reiterated the need for collaboration, partnership and synergy his and the Joint Tax Board and stressed that he and his will continue to do everything possible to ensure that the two agencies attained their mandates.

Henshaw Ogubike,Director (Information, Press and Public )