- Tax is a statutory duty owed to the government.
- It’s a criminal offence to evade taxes in Nigeria.
- Tax evasion is the willful omission or refusal to pay taxes as required in Nigeria.
- For example, where you falsify tax returns, failure to file tax returns, etc.
- Where allegations of tax evasion are brought against you and you are found guilty, you may be prosecuted in a court of law and sentenced accordingly.
- By virtue of the provisions of the FIRS Act 2007, failure to pay taxes in Nigeria attracts a jail term of not more than three years.
- Apparently, one can be jailed for tax evasion in Nigeria pursuant to a court prosecution.
- Conclusively, you might want to engage quality tax advisory to ensure you do not flout the tax laws and go to jail.
References
1 https://proguide.ng/punishment-for-tax-evasion-in-nigeria/#:~:text=Failure%20to%20remit%20or%20make,interest%20following%20CBN%20interest%20rate accessed on March 30 2023
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