FIRS to trail tax defaulters from January 1, 2021
Federal Inland Revenue Service (FIRS) said it will trail tax defaulters to recover outstanding taxes as from January 2021.
The FIRS said it will leave the window of opportunity open for tax defaulters to make good on their obligations, before embarking on the tax recovery drive.
The FIRS also said waivers of penalties and interest on outstanding taxes will be in effect till December 31, 2020 and thereafter the window will close.
“Outstanding taxes that will incur penalties and interests will be those arising from desk examinations, audit exercises, investigations or all other forms of tax assessment”, the service said.
Dr Abdullahi Ismaila Ahmad, director, Communications and Liaison Department of the FIRS in a statement said the Service is appealing to “taxpayers in the country to take advantage of the remaining days of this month to settle their tax obligations in order to enjoy all subsisting waivers offered by the Service.”
He disclosed that Mr. Muhammad Nami, executive chairman of the FIRS, has already issued a reminder notice in this regard entitled, “Public Notice on the Recovery of Outstanding Taxes from Taxpayers.”
The public notice said: the FIRS has issued a series of palliatives for the waivers of penalties and interest on outstanding taxes arising from desk examinations, audit exercises, investigations or all other forms of tax assessment.
However, FIRS bemoaned that “some taxpayers are yet to take advantage of the palliative windows opened to cushion the effect of the challenges of the economy on taxpayers.”
