ARTICLE
22 August 2019

FIRS To Go After Directors, Managers And Company Secretaries For Their Company's Tax Liabilities

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PwC Nigeria

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The FIRS today released a public notice threatening to go after the directors, managers, secretaries and other persons concerned with the management of companies to recover tax liabilities owed
Nigeria Corporate/Commercial Law

The FIRS today released a public notice threatening to go after the directors, managers, secretaries and other persons concerned with the management of companies to recover tax liabilities owed by their companies where such organisations fail to regularize the lien placed on their bank accounts by the FIRS within 30 days of the FIRS Notice.

The FIRS is relying on sections 31, and 49(2)(a-d) of the FIRS Establishment Act to support its planned action.

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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