Entertainment

Davido, X3M, Assemblies of God on FIRS list of accounts yet to regularise their tax status

Published

5 years ago

August 21, 2019

The Federal Inland Service (FIRS) on Monday, August 19, published a list of 19,901 accounts yet to update their tax status. Accounts on the top of the list include Davido’s DMW, The Assemblies of God Nigeria and X3M Music Limited.

Owners of the 19,901 accounts were given 29 days to pay their tax or see it get deducted from their bank accounts. The notice read in parts;

“This is to notify all Companies, which had their Bank Accounts placed under Lien by the Federal Inland Revenue Service (FIRS) pursuant to Section 31 of the FIRSE Act, but are yet to regularise their tax status with the FIRS, that if they fail, refuse or neglect to pay the tax due within 30 days of this Notice, the FIRS shall in accordance with Section 49 (2) (a- d) of the FIRSE Act proceed and enforce the payment of the said tax against all the Directors, Managers, Secretaries and every other person concerned in the management of the Companies and recover the said tax from such persons without further notice,” it said.

“For the avoidance of doubt, the above Section authorises the FIRS to proceed against and punish every officer, Manager, Director, Secretary or any person concerned with the management of the Company in like manner as if he/she had committed the offence.”

Some of the accounts published include: