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Nigeria: Tax liens on bank accounts, failures to remit VAT and withholding tax

Nigeria: Tax liens on bank accounts

The Federal Inland Revenue Service announced its intention to recommence imposition of liens on the bank accounts of delinquent taxpayers, effective 15 March 2019.

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The liens will affect taxpayers with a minimum annual turnover of ₦100 million and that have failed to register for taxes, but have been collecting value added tax (VAT) and withholding tax without remitting these taxes to the government.


Read a March 2019 report [PDF 124 KB] prepared by the KPMG member firm in Nigeria

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