FIRS offers Seven (7) Days Notice To Tax Defaulter

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The Federal Inland Revenue Service is set to commence enforcement on tax defaulters in Nigeria.

This was contained in a notice sent to tax payers warning them to clear their taxes or face sanction.

The Notice Reads: The Federal Inland Revenue Service 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 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

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