Nigeria: FIRS is clamping down on tax defaulters – may seal off premises and arrest principal officers

FIRS is clamping down on tax defaulters – may seal off premises and arrest principal officers 

In brief

In the past few weeks, the FIRS started to enforce filing of tax returns and payment of taxes by distraining property and procuring the arrest of principal officers of defaulting companies. This unconventional means of tax enforcement is as a result of the need to generate revenue in the light of dwindling oil revenue. There is however a big question as to whether this procedure follows due process.

Click the button below to download the full alert.

Download Full Tax Alert Here

http://zaimages.gmimage3.com/za_members/68731/ftp/Attachments/PwC_Tax_Alert_-_FIRS_clamps_down_on_tax_defaulters.pdf?utm_source=PwC&utm_medium=email&utm_term=NewsletterLink&utm_campaign=FIRS+clamps+down+on+tax+defaulters&utm_content=

Author

Related Articles

Responses