National

Tax: Defaulters To Pay 50% Of Disputed Amount Before Court Hearing – FIRS

 

The Federal Inland Revenue Service (FIRS) has said that tax defaulters who wish to drag the service to court would be mandated to pay 50% of the disputed amount to the Court’s account before hearing.

 

The Executive Chairman, FIRS, Mr Muhammad Nami disclosed this on Friday during a public hearing organised by the House of Representatives Committee on Public Accounts investigating revenue leakages arising from tax waivers and incentives to foreign companies granted pioneer status.

 

Nami noted that the development was contained in a recent Practice Direction issued by the Chief Judge of the Federal High Court, Abuja, Hon. Justice John Terhemba Tsoho, under Order 57 rule 3 of the Federal High Court (Civil Procedure) Rules, 2019.

 

He also revealed that the new directive took effect from May 31 2021.

 

“We have gotten several amendments to our tax laws which require companies operating in the Free Trade Zones to file tax returns on their operations to the FIRS”, he added.

 

 

 

 

 

 

 

 

EDITORIAL NOTE: We wish to add you to our WhatsApp Database to get our trending and latest news directly into your WhatsApp Private Box as the news breaks.
Kindly CONTACT US ON 08072633727 📲 whatsApp 📞Also, For your Advert Placement, Media & Publicity, Press Release, Personality Promotion, Special Report, Conference, Interviews, And So On
©VAM News – THE NEWS YOU NEED.
For conveniency, your comfortability, and easy access to the trending and latest info as the news breaks, Kindly DOWNLOAD VAM News @ www.voiceairmedia.com mobile App, Click Link below….https://m.apkpure.com/vam-news-media/com.wVAMNEWSONLINE_8865908

VAM News

Recent Posts

Singer Toluwanisings Is Dead

Popular Nigerian gospel singer, Olayemi Bayonile Bolaji, known as Toluwanisings by many of fans is…

3 hours ago

Idanre TLG Congratulates Hon. Akindojutimi Oluwande on Inclusion in Ondo APC Campaign Council

Idanre TLG Congratulates Hon. Akindojutimi Oluwande On His Inclusion In Ondo State APC Campaign Council…

8 hours ago

Nigeria’s Super Falcons Thrash Comoros 5-0

Nigeria’s Super Falcons defeated Comoros 5-0 at the Remo Stars Stadium on Tuesday to secure…

11 hours ago

IICSD Tasks Osun Govt on Reopening Special Needs Schools

THE Insight Initiative for Community and Social Development (IICSD) has condemned the continued closure of…

12 hours ago

2027: We Applied Supreme Court Judgment to Exclude Some Candidates — INEC

THE Independent National Electoral Commission (INEC) has explained that some candidates were omitted from the…

1 day ago

Osun Accord Felicitates Adeleke over Tinubu Campaign Role

THE Osun State Chapter of the Accord has congratulated Governor Ademola Adeleke on his appointment…

1 day ago