The Federal Inland Revenue Services, FIRS, has issued a warning to defaulting taxpayers.
According to the 7-days ultimatum which was prescribed in the notice issued by the Acting Executive Chairman, Abiodun Aina, and released to newsmen by Waha Gbadamosi, head, communications and servicom department, tax enforcement routine will commence against all defaulters who fail to make their tax payments within the stipulated date.
“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 Service will commence a NATIONWIDE TAX ENFORCEMENT EXERCISE with a view to prosecuting defaulters and recovering all outstanding tax liabilities”.
Aina also reiterated the necessary need for taxpayers to settle their tax payments within the stipulated period.
READ ALSO: Passengers Commends FG on Lagos-Ibadan Free Train Service
He said:
“All taxpayers are therefore strongly advised to settle their tax liabilities within 7 days of this publication to avoid any inconveniences or interruptions in your operations”.
He disclosed that the enforcement exercise is in line with the provisions of Section 8, 26 (2), 33 and 35 of the Federal Inland Revenue Service (Establishment Act, 2007), and also highlighted the categories of tax required;
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.
Leave a Reply