Electricity Distribution companies pay taxes, says ANED

September 30th, 2019

By Obas Esiedesa

The Association of Nigerian Electricity Distributors (ANED), has defended DisCos over accusation that none has paid tax since the utilities were privatized in November 2013.

ANED faulted a claim attributed to Dr. Andrew Nevin, Chief Economist of PriceWaterhouse Coopers (PwC) on Wednesday September 25, 2019.

Dr. Nevin, was reported to have said at a power sector roundtable organised by Mainstream Energy Solutions Limited that no DisCo in Nigeria has paid any tax to the Federal Government since 2013 when they were privatized, because they have been “on a loss-making track” since then.

ANED in a statement by its Executive Director, Research and Advocacy, Chief Sunday Oduntan said the statement was incorrect.

Oduntan while acknowledging Dr. Nevin’s effort to highlight the challenges of the sector in his presentation, thus, fostering dialogue that is critical for the resolution of same, said: “We hereby, unequivocally, state that this claim relating to Discos not paying Federal Government taxes is misleading, incorrect and not supported by the facts.

“As responsible corporate citizens, all of our member DisCos take their tax obligations to the federal and state governments, as applicable, seriously. As a result, the DisCos diligently pay all necessary taxes that apply to their operations.

“These taxes include the minimum Company Income Tax (CIT), Withholding Tax (WHT) and Value Added Tax (VAT)”, he stated.

He encouraged “all parties interested in the growth and success of the Nigerian Electricity Supply Industry to constantly diligently verify their information, to avoid creating more challenges than that which already exists in the sector”.

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