The tax collection arm of the Nigerian Government, Federal Inland Revenue Services, has issued a seven-day deadline to tax evaders to pay their taxes. The agency has warned that a nationwide enforcement campaign will begin and all tax defaulters would be made to face the consequences.
The agency announced the warning through a statement that was released by the FIRS’ Head of Communication and Servicom, Wahab Gbadamosi.
According to the statement, the Executive Chairman of the FIRS, Mr Abiodun Aina, the agency has perfected its plans to start bringing all evaders and tax defaulters to book if they fail to make things right within the given timeframe.
Mr Aina said the enforcement is backed by the constitution in Section 8, 26(2), § 33 and 35 of the Federal Inland Revenue Services Establishment Acto of 2007.
The tax schemes that will be affected by the enforcement are Value Added Tax, Companies Income Tax, Petroleum Profits Tax, Withholding Tax, Tertiary Education Tax, NITDA Levy, Stamp Duty, and Capital Gains Tax.
Read the statement below.
“The FIRS hereby informs all taxpayers (individuals, partnerships, Enterprises, Corporate organizations, 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 18 December, with a view to prosecuting defaulters and recovering all outstanding tax liabilities.”
“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,” Mr Aina said.