Nigeria: Tax authorities focus on tax collection and enforcement activities

Nigeria: Tax authorities focus on tax collection

There are reports from Nigeria that the Federal Inland Revenue Service (FIRS) has intensified its efforts to recover unpaid taxes from defaulting taxpayers, and to enforce compliance with tax law provisions. The FIRS has conducted value added tax (VAT) and withholding tax monitoring exercises of some companies, and has affixed “non-compliance stickers” on the premises of some defaulting companies.

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In its latest move, the FIRS has begun to “seal up” companies that have failed to settle outstanding, undisputed tax liabilities or that have not filed corporate, VAT, and/or withholding tax returns for a period of time. Some state tax authorities (like those in Lagos, Rivers, Delta, and Akwa Ibom states) have also adopted similar tax enforcement measures.

 

Read a May 2016 report [PDF 85 KB] prepared by the KPMG member firm in Nigeria

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