LIRS Can Now Recover Unpaid Taxes From Your Bank, Employer, Tenant скачать в хорошем качестве

LIRS Can Now Recover Unpaid Taxes From Your Bank, Employer, Tenant

The Lagos State Internal Revenue Service has announced it will begin recovering unpaid taxes through third parties such as banks, employers, tenants, customers and business partners, relying on Section 60 of the Nigeria Tax Administration Act, 2025. The provision, known as the “power of substitution,” allows tax authorities to redirect funds owed to a taxpayer toward settling tax liabilities. While LIRS says this is a lawful step to improve compliance and revenue collection, the move has raised serious questions about due process, privacy, business disruption, and whether judicial oversight is being bypassed. Senior Manager, Tax, Regulatory and People Services at KPMG Nigeria, Itoro Adediran, explains what the law actually permits, the safeguards available to taxpayers, the risks to individuals and businesses in tax arrears, and how Nigerians can respond if they receive a substitution notice. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance