ARTICLE
31 August 2018

Jumping The Tax Gun?

PN
PwC Nigeria

Contributor

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PwC Nigeria is one of the leading professional services ?rms in Nigeria with of?ces in Lagos, Abuja and Port Harcourt, with over 1,000 staff and 31 resident partners. We are committed to serving as a force for integrity, good sense and wise solutions to the problems facing businesses and the capital markets. We are guided by one promise – to do what is right, be it with our people, clients, community, or environment.
How legitimate is the FIRS order to banks to freeze accounts of tax defaulters; what roles should banks play; and what recourse do taxpayers have?
Nigeria Tax

How legitimate is the FIRS order to banks to freeze accounts of tax defaulters; what roles should banks play; and what recourse do taxpayers have?

Did the FIRS jump the gun in directing banks to freeze accounts of taxpayers alleged to have defaulted in paying their taxes? Did the banks jump the gun in obeying the order to freeze such accounts and should the taxpayer jump the gun to settle the alleged tax liabilities?

Read my article published by BusinessDay on Wed 22 August 2018 for answers to these questions and more! Also watch my earlier interview on CNBC Africa.

Download FIRS Freezing Order_Taiwo Oyedele_Aug2018

Taiwo's Interview on CNBC Africa re FIRS Bank Freezing Order

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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