ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, March 9, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
FIRS Seals Kabo Airlines, Others Over N200 million Tax Liabilities

Kabo Air

FIRS Seals Kabo Airlines, Others Over N200 million Tax Liabilities

byPress Release
February 27, 2017
1 min read

RelatedNews

Tenure Extension: I can remain in office till 2023 or 2024 — Adamu

Blood on Uniforms (3): In Nigeria’s South-east, no justice for people killed during COVID-19 lockdown

VIDEO: Five pillars for Covid-19 – Ehanire

Blood on Uniforms (2): No justice for inmates killed by Nigerian prison officials

ADVERTISEMENT

The Federal Inland Revenue Services, FIRS, on Monday, sealed the offices of Kabo Airlines, Monaco Ventures Limited and Paki International Motors, all in Kano, over tax liabilities.

Kabo Airlines owes N149,707,949.03 from the assessment year of 2004 to 2013. According to the head of the enforcement team in Kano, Bukar Gana, the airline’s liabilities are made up of Income Tax (IT) and Education Tax (ET). He explained that the company did not contest the liabilities, an action which led to the sealing of its premises on Ashton Road, Kano State.

Also sealed was Paki International Motors, which owes Company Income Tax (CIT) totaling N51,148,117.57, accumulated between 2008 and 2014.

The enforcement similarly sealed Prince Hotel (Sojuna Hotel) over N8,359, 680.76 liability from 2014 to 2016. In its defence, the hotel management pleaded that the default was as a result of non-disclosure of the liability by the company’s tax auditor. It promised to pay 50 percent of the liability immediately and the remaining in April.

Phamadex Nigeria Limited, which owes withholding tax amounting to N572,331,.72 from 2014 to 2015 assessment year, presented evidence of payment of the liability. However, the company was yet to pay the penalty and interest that had accrued on the liability. The team gave the company the grace to pay up within 24 hours.

The FIRS team also visited the premises of Monaco Ventures Limited over an Education Tax debt of N385,922.50. The company was also sealed up by the team. The enforcement exercise continues in other parts of the country.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...



JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

My husband beats me for refusing his excessive sexual urge, wife tells court

Next Post

Under proposed law, winners of elections being challenged at tribunals won’t be inaugurated – Official

Press Release

Press Release

More News

Naira and Dollars

Naira falls as CBN introduces forex promo

March 8, 2021
Oil Barrels used to illustrate the story. [Photo credit: ThePointNG]

Oil prices jump above $70 after Saudi attack

March 8, 2021
Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

CBN says new scheme will ease diaspora remittances

March 7, 2021
Nigeria Stock Exchange trading floor

NSE Weekly: Stock market slips by N245bn as fixed-income yields lure investors away

March 6, 2021
Naira and Dollars

“Send a dollar, get five naira free”: CBN launches forex promo

March 6, 2021
ACompleted phase 1 housing units at Earthpoint and Modern Shelter estate

SPECIAL REPORT: Years after paying millions to developers, Abuja residents stranded without homes

March 6, 2021
Next Post
Supreme Court of Nigeria

Under proposed law, winners of elections being challenged at tribunals won't be inaugurated - Official

Adam Zango to select five fans for Lagos fun trip

Adam Zango to select five fans for Lagos fun trip

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,630,578 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.