FIRS collaborates with NPF to go after tax defaulters

, Magazine

Federal Inland Revenue Service (FIRS) has revealed its plans to work in handy with Nigeria Police Force (NPF) and other stakeholders to ensure payment of taxes by millionaire defaulters in 2019.

Tunde Fowler, FIRS Executive Chairman, said the service will go after 85,000 millionaires who have defaulted in tax payment.

According to Fowler, FIRS had already realized the sum of N23 billion based on a closer look at the books of 45,000 tax debtors. He said each of the 45,000 tax debtors had over N100 million as turnover in their accounts.

Fowler added that FIRS would be going after another set of over 40,000 millionaire tax defaulters in 2019.

He said

“We looked at businesses, partnerships of any activity that has banking turnover between N100 million and N999 million. We have done a review of this group of businesses. We have about seven more banks that we are still waiting for the return from and to review their information”.

“so far, we have 45,361 that have tin and are making payments. we have 40,611 that have tin, that made tax payment and we have 44,504 that have no tin and no pay.

“so, when you look at it from a glance, we have close to 75,000 in this group that are still not taxpayers and we have said the payment of tax is not only for the civil servants, it’s for all Nigerians. so, the millionaires and the billionaires will pay tax on behalf of what is due to the national coffers”.

Fowler also commended the Nigerian Police Force (NPF) for its support and collaboration over the years, which he said, had helped FIRS to achieve its target and requested for more support to enable it to recover taxes due to rich tax evaders in 2019.

“Let me put on record that the Nigeria Police Force has been extremely helpful to FIRS. Without the Police, I doubt that the Service would have been able to achieve what we have achieved.

“2018 was a successful year. The FIRS collected a total of N5.32tn of tax revenue. This is the highest revenue collection in the history of FIRS.”

Adamu said that the Police would continue to support the FIRS because the job of revenue generation was critical to the survival of the nation.