The Federal Inland Revenue Service (FIRS) has called on all businesses, corporate organisations, Ministries, Departments and Agencies (MDAs) with the responsibility of collecting or charging Value Added Tax (VAT) on behalf of the Federal Government to register with the service and remit same as contained in its act of 2004
It said all taxable persons are expected to collect VAT on goods and services supplied and remit same before the 21st day of the month following the month of transaction.
It further warned that failure to remit will amount to contravention of the extant tax laws and violators would be sanctioned.
The service further stressed that sanctions may include sealing up business premises in accordance with the service VAT Act of Section 32 and Section 19.
The Executive Chairman of FIRS, Tunde Fowler, made this known in a public notice published in Daily Trust of Monday, April 16, 2018.
It called on all taxable persons including individuals, partnerships, and all professionals in the various professions and providers of vatable goods and services to register for the purpose of VAT in any of its Tax offices for the ease of remitting all VAT due to government.
It also invited taxpayers to file the VAT returns online on its tax payer e-Service portal: