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FIRS to go after 40,000 millionaire tax defaulters

The Federal Inland Revenue Service (FIRS) says it will go after estimated 40, 000 millionaire tax defaulters in 2019.
FIRS said it has identified 45,000 millionaire tax evaders in 2018 and recovered N23 billion through substitution of their bank accounts.
It explained that N23 billion was realised from over 45,000 tax defaulters that had over N100 million as turnover in their accounts.
FIRS said it would still go after another estimated 40,000 millionaire tax defaulters in 2019.
He called for collaboration with stakeholders like the Police to continue to go after wealthy tax defaulters in 2019.
FIRS collected a total of N5.320 trillion of tax revenue. This is the highest revenue collection in the history of the service.
(NAN)