FIRS gives 7-day notice to tax defaulters

The Federal Inland Revenue Service (FIRS) will begin nationwide tax enforcement today.
It has given a seven-day notice to defaulters to pay up or be sanctioned.
A statement by the Head of Communications Wahab Gbadamosi reads: “The FIRS hereby informs all taxpayers (individuals, partnerships, enterprises, corporate organisations, ministries, departments and agencies) who are in default of payment of taxes arising from self-assessment, tax audit, tax investigation, transfer pricing audit, demand notices and any other liabilities, that the Service will commence a nationwide tax enforcement exercise from 18th December 2019 to prosecute defaulters and recover all outstanding tax liabilities.”
The enforcement is under Sections 8, 26 (2), 33 and 35 of the FIRS (Establishment Act, 2007).
“The taxes referred to are as follows: petroleum profits tax, companies income tax, value-added tax, withholding tax, tertiary education tax, the National Information Technology Development Agency (NITDA) Levy, stamp duty and capital gains tax,” the Service said.
FIRS advised taxpayers “to settle their tax liabilities within seven days to avoid any inconveniences or interruptions to their operations”.