7 Days Notice Given to Tax Defaulters by FIRS

The Federal Inland Revenue Service (FIRS) has issued a seven day notice to tax defaulters across the country. Specifically, the FIRS informed defaulters of the plan by the service to begin tax enforcement against them; should they continue to fail in fulfilling their tax obligations. Meanwhile, the notice was contained in a statement via the Head, Communications and Servicom Department; Mr Wahab Gbadamosi, in Abuja on Tuesday. Further, Gbadamosi said the Acting Executive Chairman of FIRS; Mr Abiodun Aina, said this in a notification letter to taxpayers on Tuesday. Additionally, the spokesperson said the acting executive chairman advised such taxpayers to settle their tax liabilities; within seven days of the notice to avoid any inconveniences or interruptions in their operations. Specifically, he quoted Aina as saying “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 to pay. “The Service will commence a nationwide tax enforcement exercise from Dec. 18, 2019; 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 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, NITDA Levy, Stamp Duty and Capital Gains Tax,” he explained.