Tax Defaulters Owe N254bn -FIRS A total of 23,141 defaulters owe N254 billion in tax liabilities, the Federal Inland Revenue Service has said. The executive chairman of FIRS, Babatunde
A total of 23,141 defaulters owe N254 billion in tax liabilities, the Federal Inland Revenue Service has said.
The FIRS boss also said that the agency recovered over N97.7 billion from tax defaulters since it gave the directive to banks, adding that the tax defaulters are yet to come forward to clear their outstanding liabilities. “Failure to carry out this directive will result in the banks being sanctioned according to Section 31 subsection 1-3 and 32 respectively of the FIRS Act 2007.”
The FIRS chair disclosed that out of 44,293 non-compliant companies, 3,976 already paid about N97.7 billion. Through the banking turnover exercise, he said the FIRS recovered N88.59 billion after reaching an agreement with 3,797 out of 42,736 companies.
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