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13 companies closed over N140m tax evasion

28 September 2012, 15:59

Lagos - 13 companies have been shut down by the Lagos State Internal Revenue Service (LIRS) for defaulting to pay over N140 million company tax.

Mrs Folasade Coker-Afolayan, Head of LIRS  Distrain Unit, said in Lagos on Friday.

She said that these companies, which were not legally known to the state government, were shut down between Sept. 17 and Sept. 26.

According to Coker-Afolayan, who led the enforcement team, said that these companies owe taxes ranging from one to six years.

She said that operating a company without proper authorisation from the state government was a criminal offence.

“It is only the state government that is authorised to unseal these companies after remitting their taxes to government coffers,” she said.

Coker-Afolayan advised companies to get approval of the government before operating and also remit their taxes promptly to avoid closure of their companies.

 “It is better for companies to pay their taxes as at when due to avoid any sanction and by extension loss of productivity,” she said.

Coker-Afolayan said the actions of the agency followed an order from the State High Court and were in accordance with the Personal Income Tax Amendment Act of 2011.

She said the act provided that the LIRS could apply to the court for a warrant to close down companies defaulting in tax remittance..

Coker- Afolayan described the state-wide company tax enforcement drive as successful and advised taxpayers to cooperate with officials of LIRS.

 “It is unlawful for anyone to assault tax officials while performing their lawful duties.

“Henceforth, anyone found wanting in this regard will be dealt with accordingly,” she said.



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