BUA Speaks On Tax Default Claims By FIRS, Reacts To Sahara Reporters’ Story

The BUA Group has spoken on an allegation that FIRS demanded payment of a whopping sum of 198.7 billion Naira being estimated taxed for 2022.

BrandNewsDay reports that the company reacted to an article published by Sahara Reporters today, Thursday that the statement from the conglomerate, in the exchange of communication between BUA and FIRS, the company had denied the 1Trillion Naira as alleged by the tax body stating categorically that its books are available for all to see.

The company also revealed that it had reacted to the FIRS letter quoted in the article since the premise given for the humongous tax of 198.7Billion which was the alleged 1Trillion turnover never existed.

Attaching both copies of the FIRS letter dated 19th September and their reply dated 25th September, the company wondered why those who leaked the FIRS letter forgot to leak its reaction if not for mischief.

Clarifying the alleged ultimatum, BUA also stated that it was a deadline to respond to inquiry rather than to make payment as alleged in the Sahara Reporter’s hatchet job article.

Going further BUA stated that as a responsible corporate entity, it is committed to fulfilling its statutory obligations to FIRS and other corporate bodies in Nigeria, and this includes payment of its tax as at when due, but the publication was indeed a gross misrepresentation of what transpired in the exchanges between the organization and FIRS.

See copies of the correspondence with FIRS below