8 days after the official handover to him (pending the Senate’s confirmation of the new Board), the Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Abiodun Aina, makes his debut with a 7-day Public Notice to tax defaulters, warning them of an impending nationwide tax enforcement exercise for recovery of all outstanding taxes..
The Public Notice was issued on 17 December 2019 for the attention of 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
Taxes covered by the Notice, and the impending enforcement exercise include:
- Petroleum Profits Tax
- Companies Income Tax
- Value Added Tax
- Withholding Tax
- Tertiary Education Tax
- NITDA Levy
- Stamp Duty
- Capital Gains Tax
According to the Public Notice, all tax defaulters are expected to make good any outstanding tax liabilities within 7 days of the publication to avoid any inconveniences or disruptions in their operations.
Read the details of the Public Notice.
