Why FIRS threatens to deduct tax from defaulters’ bank accounts

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The Federal Inland Revenue Service (FIRS) has threatened to commence deduction of tax liabilities from defaulters’ bank accounts.

The Federal Government’s top revenue collector in a statement in Abuja, yesterday, said it was considering the option   following rising cases of willful and illegal withholding of taxes collected by Companies, Corporations, Ministries, Departments, and Agencies (MDAs) of government and other collection agents.

Director of Communication, Mr Abdullahi Ismaila, in a statement hinted that the agency would take steps “to recover taxes due from defaulters’ asset in the custody of any person, including but not limited to sums standing to its credit with financial institutions in Nigeria”.

According to the FIRS, notices to that effect have been served to all companies, corporate entities, and other agents of collection. It further stated that tax debtors would be required to pay all outstanding tax liabilities to the FIRS within 30 days from the date of publication of the notice.

FIRS had previously issued a similar notice to MDAs demanding payment of all outstanding tax liabilities to the Service within 60 days from the date of publication of the notice.

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