FIRS threatens deduction of taxes from defaulters bank accounts

The Federal Inland Revenue Service, (FIRS), has warned that it shall commence the deduction of taxes directly from the bank accounts of defaulters.

FIRS

This warning was issued on Wednesday by the agency, in a statement signed by the FIRS’s Director of Communication, Abdullahi Isma’ila.

The Gederal Government’s revenue collector said the warning became necessary following rising cases of willful and illegal withholding of taxes collected by companies, corporations, ministries, departments, and agencies (MDAs) and other agents of collection.

It said necessary steps will be taken to recover taxes due from defaulters asset in the custody of any person, including but not limited to sums standing to its credit with financial institutions in Nigeria.

The FIRS further said it has served notices to all concerned companies, corporate entities, and other agents of collection.

It added that tax debtors would be required to pay all outstanding tax liabilities to the FIRS within 30 days from the date of publication of the notice.

The revenue agency noted that it had previously issued a similar notice demanding payment of all outstanding tax liabilities by defaulters.

In addition, the Service shall take all necessary steps to prosecute defaulters for wilful negligent, tax evasion, unlawful conversion of government property, etc. as the case may be, it stated.

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