There will be no space for tax evaders as FIRS plans to collaborate with CBN to capture revenue inflows of Companies & Individuals

  Federal inland revenue services will be collaborating with Central bank of Nigeria(CBN) to capture revenue inflows of Corporate organisations and individuals.

 They are trying to bring up a rule that will disengage individuals and firms from operating their bank accounts if they don't have a tax identification number(TIN).

The FIRS chairman, speaking on how to boost non-oil revenue said that it would crack down on tax evaders by denying them access to banking facilities for individuals and companies that failed to join its register. FIRS boss told journalists in a news briefing in Lagos that there were more than 450,000 companies in the country, but only about 125,000 pay any form of tax.

  “We are collaborating with the CBN to enforce compulsory registration with the tax authorities by companies and individuals before they can access their bank accounts,”as said by Ogungbesan,the chairman of FIRS