In the past few weeks, the FIRS started to enforce filing of tax returns and payment of outstanding taxes by distraining properties and procuring the arrest of principal officers of defaulting companies. This unconventional means of tax enforcement is as a result of the need to generate revenue in the light of dwindling oil revenue. There is however a big question as to whether this procedure follows due process.
Here is our alert which provides further insights on the subject.
Download PwC Tax Alert_FIRS clamps down on tax defaulters
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