FIRS Warns Tax Defaulters, Issues 7-Day Ultimatum

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BY COBHAM NSA, ABUJA – The Federal Inland Revenue Service (FIRS has issued a 7-day notice to tax defaulters, with a threat to commence a nationwide tax enforcement that will rein in all defaulters.

Acting Executive Chairman of FIRS, Abiodun Aina said the Service is set for tax enforcement against all defaulters who continue failing in their tax obligations.

In a public notification on Tuesday in Abuja, Aina urged taxpayers to settle their tax liabilities within seven days of the publication or risk the inconveniences of interruptions in their operations.

According to the notice, “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 with a view to prosecuting defaulters and recovering all outstanding tax liabilities.

The FIRS boss said the enforcement is pursuant to the provisions of Section 8, 26 (2), 33 and 35 of the Federal Inland Revenue Service (Establishment Act, 2007), adding; “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.”

A statement signed by Wahab Gbadamosi, Head, Communications and Servicom Department, quoted Aina as explaining that; “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”.

In wishing “all our taxpayers Merry Christmas and Happy New Year in advance”, Aina said the Service had always warned that tax defaulters who failed to take advantage of programmes like the Tax Amnesty and the Voluntary Assets Income and Assets Declaration (VAIDS) programmes to off-set their tax liabilities, risks having the rough end of the stick.

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