WHAT RIGHT DO YOU HAVE TO LOCKUP SHOPS?

 

Tax station manager Mr John Adebajo (An economist, chartered institute of Tax associate Nigeria)

has enlightened us deeply  on the law binding tax defaulters  and other areas of internal revenue service during an interview with goldenknight media, here is an excerp:

 "We have legal backing to go to tax defaulters to lock up , seal up shop or any company according to personal income tax Act Amended but that must be done on certain process.

A tax payer will first be accessed by a form called FORM A. This form is given to organisation in the beginning of the year to fill. Inside it, there's a portion to fill your income indicating what is generated in the past one year.one business year.

The form to be brought to tax office and we access payers based on that income. After 30days of receiving the assessment, if he fails to come to tax office to agree or negotiate it is believed that he has agreed to pay that tax assessment. Another tax letter will be issued called DEMAND NOTICE for tax payers without 14days  if he does not call, 21days  if he does not call  then we give the tax payer  FINAL DEMAND NOTICE stating that, " finally we are coming down to you to collect that sum amount of money because you have fail to object the assessment. Already by law the person is a defaulter. And we have legal backing to lockup defaulters shops. So the only way to get our tax is to enforce the person to pay that is when we seal up the shops or  companies .

And When tax are paid it is expected of government to use the tax we have paid to construct good motorable roads, pipeborne water, 24hrs unstoppable uninterrupted power supply, good drainage system, good transportation system to aid agriculture and all that even to the extent of constructing companies owned by federal government to reduce the level of unemployment.

Full interview on our YouTube

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