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

09 December 2014   (0 Comments)
Posted by: Authors: Taiwo Oyedele and others
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Authors: Taiwo Oyedele, Kenneth Erikume and Folajimi Olamide Akinla (PwC Nigeria)

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.

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This article first appeared on pwc.com.



 

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