FIRS Gives Taxpayers Two Weeks To Remit All VAT, Withholding Tax Deductions

The Federal Inland Revenue Service on Tuesday issued a two-week ultimatum to all taxpayers to remit all Value Added Tax and Withholding Tax deductions made on behalf of the service.

The Executive Chairman of the FIRS, Dr Zacch Adedeji, said this in a notice sent to all taxpayers and seen by THE WHISTLER.

He said that the FIRS will from Monday next week begin a tax compliance exercise to all taxable persons or tax agents including Non-Governmental Organisations (NGOs), Ministries, Departments and Agencies (MDAs) of governments at the Federal, State and Local levels to ensure the payment of VAT and WHT deductions.

The FIRS Boss stated further that teams of officers from the Service will visit selected taxpayers, taxable persons (including companies, NGOs or MDAs) to review their VAT and WHT records.