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We’ll soon start selling property of companies which don’t pay tax — Fowler

Executive Chairman, Federal Inland Revenue Service, FIRS, Mr Babatunde Fowler,  has said the Federal Government was processing court documents that will allow it sell property of companies who have been evading taxes.

Speaking on The Core, a Channels Television programme, Fowler said N20 billion realised from the Voluntary Assets and Income Declaration Scheme, VAIDS, was paid by 262 people.

He said: “We have identified property worth N2 trillion that belong to corporate organisations that have never filed any tax and now we are in the process of getting a court order to start selling those property if the owners do not come and pay the taxes.

“And this is a programme we are going to roll over across the whole country and we’ve concluded in Kaduna and in Lagos, and we are going to other states.

“At the federal level, people have declared and paid N20 billion and one thing I will let you know is that based on the experiences of other countries, usually, people wait till the last minute.

“In terms of applications received at the federal level, about 262 applications. So far paid is N20 billion and people are still in the process of putting together their facts and in the next two or three weeks, the figures will be different.”

 

 


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