Hello my thriving business owners!! I trust we’re smashing our BUSINESS goals?
Our TAX SERIES would come to an end soon. But before then, I thought to drop a few hints to guide us when we get confronted by revenue officers and at that point we have no Cynthia Tishion or any other contact to call lol?.
In no particular order, here are the tips;
I. *DEMAND FOR PROPER IDENTIFICATION.*
In this era of imposters posing as revenue agents, it’s your legal right to do so.
What amounts to proper identification is subjective. However, your discretion and common sense comes to play in this case.
I can’t emphasize enough, the importance of diplomacy in your dealings.
2. *OBTAIN A TAX ASSESSMENT NOTICE.*
Before making any payment, every tax payer is expected to obtain a tax assessment notice from either the revenue officers or the relevant revenue collecting agency.
A tax assessment notice discloses; Agency Code, revenue name, revenue code of the revenue the taxpayer is paying for.
3. *VERIFY THE TAX ASSESSMENT IS GENUINE.*
In my previous posts I had shared a short video on your rights as a taxpayer. (you may visit my timeline for a review).
It’s your right as a taxpayer to object to any tax assessment that you reasonably believe to be inconsistent with business activities as provided by tax laws.
To do that, visit the relevant revenue office as provided on the assessment notice. That way you’ll be able to ascertain if the assessment notice was a fraud or genuine.
4. *PAY INTO THE GOVERNMENT REVENUE ACCOUNT ONLY.*
As a matter of policy, all government revenue MUST be paid directly by taxpayers into the designated Government Revenue Account.
Revenue officers are prohibited from handling cash!
I hope you find these tips useful as you set out to build sustainable businesses?
Please feel free to ask your questions if any, at the comment section.
Do have a fantastic day.?