Nigerians have gone on rampage on micro-blogging site, Twitter, over the Federal Government’s threat to sanction account holders that failed to complete the new Self Certification Forms.
The Federal Inland Revenue Service on Thursday directed all account holders across financial institutions in the country to complete Self Certification Forms.
The development was reported by THE WHISTLER.
The government said the self certification form would allow the institution carry out due diligence procedure in line with the Income Tax Regulation of 2019.
But reacting to the development, Nigerians on twitter questioned the motive behind government’s decision despite several biometric mode of identification in the country including the national Identity Card and the Bank Verification Number.
Some account holders believe the certification will allow the government and the Federal Inland Revenue Service direct banks to debit accounts of tax offenders.
Meanwhile other account holders have decried the stress of fulfilling the obligation for multiple accounts.
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