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FG gives tax defaulters seven days to pay

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HARD times await tax defaulters all over the federation as Federal Inland Revenue Service (FIRS) has said it would soon begin a nationwide tax enforcement drive that would track down all categories of tax offenders.

A release signed by Head of Communication of FIRS, Wahab Gbadamosi, on behalf of Ag. Executive Chairman of FIRS, Abiodun Aina, stated that enforcement drive will commence upon the expiration of a seven-day notice which the agency is serving as a grace to defaulters.

The statement quoted Aina  as saying that defaulters would have nowhere to hide if they continued failing or refusing to fulfill their tax obligations under the law.

According to him, tax defaulters should seize the grace offered by FIRS to settle their tax liabilities within seven days of the publication of the notice or get ready for any inconveniences their continued failure may bring to their business operations.

“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 FIRS will commence a nationwide tax enforcement exercise from December 18, with a view to prosecuting defaulters and recovering all outstanding tax liabilities.

The enforcement is pursuant to the provisions of Sections 8, 26 (2), 33 and 35 of the Federal Inland Revenue Service (Establishment Act, 2007).

Taxes covered by the enforcement are Petroleum Profits Tax, Companies Income Tax, Value Added Tax, Withholding Tax, Tertiary Education Tax, NITDA Levy, Stamp Duty and Capital Gains Tax.

All taxpayers are therefore strongly advised to settle their tax liabilities within seven days of the notice to avoid any inconveniences or interruptions in your operations,” Aina stated.

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