Nigeria: FIRS is clamping down on tax defaulters – may seal off premises and arrest principal officers

By Editor on December 9, 2014

FIRS is clamping down on tax defaulters – may seal off premises and arrest principal officers

In brief

In the past few weeks, the FIRS started to enforce filing of tax returns and payment of taxes by distraining property 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.

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Published in Africa, Nigeria and West Africa

Editor