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Nigeria Urges Shipper to Pay Outstanding Tax Bills

OIL

Nigeria is reviving demands that shipping companies must pay outstanding tax bills by 31 December which previously resulted in tankers staying clear of Nigerian waters, lifting freight rates according to Federal Inland Revenue Service, cited by Bloomberg.

  • Non-resident shippers that transport Nigeria’s oil should settle their notice by 31 December.
  • “I urge the international shipping companies that are not complying with Nigerian tax laws to begin to do so immediately,” Zacch Adedeji, chairman of the Federal Inland Revenue Service, said Tuesday.
  • The country’s revenue service does not want to disrupt any shipping operations, but “it will enforce Nigerian tax laws without violating the rights of any taxpayer,” Adedeji said.
  • No consequences for non-payment have been announced yet.
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