FIRS to go after corporate tax defaulters

Federal Inland Rev­enue Services (FIRS), last week, said it would go after corporate bodies and individuals who have not filed their tax re­turns and failed to volun­tarily fulfill their tax obliga­tions by due dates.

Chairman of FIRS, Alhaji Kahir Mashi, made the dis­closure in Ibadan at the FIRS South-West Regional En­larged Management Meeting (REMM).

According to him, the tax law requires companies with December 31 as their end of year accounting date to file their tax returns on or before the end of June of every year.

FIRS, however, gave a window of extension of time to August 31, 2014 to enable some companies meet the requirements of the Interna­tional Financial Reporting Standard (IFRS).

Mashi therefore challenged taxpayers across the country to report unwholesome prac­tices by any FIRS official especially in processing Tax Clearance Certificates (TCC) and Taxpayer Identification Number (TIN), saying the is­suance of TCC is expected to take two weeks after a tax­payer has fulfilled all tax ob­ligations.

Obtaining TIN is free of charge and taxpayers must be ready to speak up when there is a demand from tax officials to facilitate the issuance of TIN and TCC,” he said

The chairman said that ef­ficiency and effective service delivery to taxpayers must be the bedrock for voluntarily tax compliance and that FIRS management would not com­promise any unethical prac­tice from members of staff.

“Closely linked to this is the issue of high moral and ethi­cal conduct across our offices in the country. I appeal to you to shun unwholesome prac­tices such as touting, forgery, connivance, tax negotiation, leakage of official documents and insubordination.

Source : SunOnline

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