-

Wednesday 2 April 2014

Nigeria to place travel ban on tax evaders

130214N.-Alhaji-Kabir-Mashi.jpg-130214N.-Alhaji-Kabir-Mashi.jpg
FIRS chief, Mashi
Nigeria's tax authority has said it will soon place travel ban on tax evaders to ensure compliance with the country's regulations.
Acting Executive Chairman, Federal Inland Revenue Service (FIRS), Kabir Mashi, said those who circumvent tax obligations may risk a travel ban soon.
He said given that the Tax Clearance Certificates (TCC) was becoming a key travel document requirement, for Nigerians eyeing global destinations of choice, "a few who may have decided to still run against the law” might soon find it difficult to travel abroad.
Mashi said "please note that very soon you won't be able to do business or travel abroad- I mean any part of the world - without evidence of tax payment and attestation, otherwise called Tax Clearance Certificates (TCC)."
Represented by the Coordinating Director, Direct Reports Group, Hajia Q. S. Seghosime, Mashi said it was against the law to do transactions with companies and entities that have no Taxpayer Identification Number (TIN) and urged members of the public to be properly guided.
He said: "And to our partners in the non-governmental organisations (NGOs), note that in addition to registering with the Corporate Affairs Commission (CAC), you are also under obligation to register with the tax authorities, obtain a TIN and file your annual tax returns with the FIRS."
TCC is a document issued by the FIRS or by a state Board of Internal Revenue, indicating that the holder has been cleared of his tax liabilities in the past three years as at the day of issuance.

0 comments:

Post a Comment