FIRS Gives 7-Day Notice To Tax Defaulters; To Commence Nationwide Enforcement

Wednesday, December 18, 2019 / 01:05 PM / By FIRS / Header Image Credit: FIRS

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 with a view to prosecuting defaulters and recovering all outstanding tax liabilities.

This is pursuant to the provisions of Section 8, 26 (2), 33 and 35 of the Federal Inland Revenue Service (Establishment Act, 2007). "The taxes referred to are as follows:

1. Petroleum Profits Tax;

2. Companies Income Tax;

3. Value Added Tax;

4. Withholding Tax;

5. Tertiary Education Tax ;

6. NITDA Levy;

7. Stamp Duty;

8. Capital Gains Tax.

All taxpayers are therefore strongly advised to settle their tax liabilities within 7 days of this publication to avoid any inconveniences or interruptions in your operations.

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