FIRS Reveals What Will Happen To Debtors Who Don’t Pay In 30 Days

Federal Government has given the high profile tax defaulters deadline of 30 days to pay up their debts to the Federal Inland Revenue Service (FIRS).

The FIRS has stated that failure to pay up, their debt will be diverted into the account of the Federal Government.

Tunde Fowler, the FIRS Executive Chairman stated this in a programme on the Nigerian Television Authority (NTA) programme as a guest on Thursday.

According to the Banks: “sweep the accounts of tax defaulters into the Federation Account after 30 days.”

Meanwhile, the banks gave the defaulters deadline of 60 days while the FIRS added 30 days to make it 90 days.

He also stated that the FIRS has issued 23,000 letters to the tax defaulters, whose names appeared on its list of defaulters.

Although some of the letters have not been sent due to change of residence by defaulters.

“The FIRS is determined because the Service is backed by law to sweep the equivalent of what such tax defaulters owe into the federation account.

“At the end of the 90 days, banks will be asked to sweep the tax owed into the Federation Account,” he concluded.