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.
FIRS has 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.
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.
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.
