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Monday, September 10, 2018

FIRS To Go After Billionaire Tax Defaulters

Federal Inland Revenue Service, FIRS, will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes, FIRS Chairman, Tunde Fowler, has said.

In doing that, FIRS, through all banks in the country, will do substitution on accounts for such identified taxpayers. There are over 6,772 of such defaulting billionaire taxpayers already identified by the FIRS, leveraging on banks data. Fowler, who disclosed this at a stakeholders’ meeting in Lagos, weekend, noted that most of such taxpayers, who have between N1 billion and N5 billion in their accounts have no Taxpayer Identification Number, TIN, or have TIN and have not filed any tax returns as taxpayers.

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