Friday, April 18, 2014

Lagos shuts 7 companies for tax evasion

Published:

In Lagos state, the tax body has shut down seven companies for owing state taxes.

The Lagos State Internal Revenue Service, LIRS, said on Friday that it has sealed seven companies for tax debts of over N90.7 million in the last three days.

Four of the companies were shut on Wednesday over a tax debt of N82.8 million, while the others were sealed on Thursday for owing N7.9 million.

Head of Distrain Unit of LIRS, Folasade Afolayan, said the exercise would be a continuous one.She said that payment of tax is a civic responsibility and that taxes should be paid promptly.

Ms. Afolayan said it that when taxes are paid promptly, government can function effectively. She advised residents to cooperate with tax officials while the officials performed their duties.

“It is an offence to assault tax officials and anyone doing that will be dealt with accordingly,” she said.

 

NAN

GTBank SME MarketHub campaign