FIRS orders banks to freeze accounts of defaulting taxpayers

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06 August 2018

FIRS orders banks to freeze accounts of defaulting taxpayers

The Federal Inland Revenue Services (FIRS) has started writing to banks to appoint them as collection agents of taxpayers considered to be in default of tax payments. In order to achieve this, the FIRS is directing the relevant banks to freeze the accounts of the taxpayers to prevent them from drawing funds from the accounts.