The Federal Inland Revenue Service (FIRS) on 17 December 2019 issued a notice announcing the start of a nationwide tax enforcement exercise.
The tax enforcement program begins 18 December 2019, and aims to identify tax defaulters and to recover outstanding tax liabilities arising from self-assessment, tax and transfer pricing audits, tax investigation, and demand notices, etc.
According to the tax authorities, among the taxes that are subject to this program are petroleum profits tax, companies income tax, value added tax, withholding tax, tertiary education tax, stamp tax, and capital gains tax. The FIRS has advised taxpayers to settle their tax liabilities within seven days of the notice to avoid any disruption to their business operations.
Read a December 2019 report [PDF 130 KB] prepared by the KPMG member firm in Nigeria
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