Daewoo Engineering and Construction Nigeria Limited (DECN) has announced that all matters concerning tax deductions and clearance certificates of its personnel at the NLNG Train 7 Project site, Bonny have been fully clarified and conclusively resolved in cooperation.
The company, in a statement signed by its Community Affairs and Security Manager, Mr Bernard Ewubare, said that the clarification was done in conjunction with the Rivers State Internal Revenue Service (RIRS).
According to him, the actions became necessary following recent misunderstandings regarding tax deductions and clearance certificates, which prompted the DECN request the RIRS to review and verify the company’s overall tax compliance.
He explained that during the official review process, the RIRS confirmed the following key that ‘All Tax Identification Numbers (TINs) and Tax Clearance Certificates (TCCs) issued to DECN personnel are authentic, valid and duly issued by the Rivers State Internal Revenue Service.
‘DECN’s tax, remittances and filings have been accurately and transparently executed in full compliance with Nigerian tax laws. There are no outstanding tax liabilities, discrepancies, or irregularities associated with DECN.
‘To ensure continued transparency and prevent future misunderstandings, DECN also conducted a short simulation demonstrating how employees can independently verify their tax information through the RIRS online platform.
‘This practical step further reinforced confidence among workers and stakeholders regarding the company’s compliance and accountability.
‘DECN extends its sincere appreciation to the Rivers State Internal Revenue Service, the Bonny Local Government Council, the Welders and Fitters Association, the media, and all stakeholders for their cooperation and support throughout this process.’
The company reaffirmed that the tax matter had been resolved as a confirmation of its commitment to transparency, due process and sound corporate governance.
‘DECN remains dedicated to maintaining a compliant, trustworthy and productive working environment as it continues the successful delivery of the NLNG Train 7 Project,’ it added.