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LIRS seals 51 companies for tax evasion

11 December 2012, 16:28

Lagos  - The Lagos State Internal Revenue Service (LIRS) says it sealed 51 companies in the last three months for offences relating to tax evasion.

 Mrs Folasade Coker-Afolayan, the Head of Distrain Unit of LIRS, disclosed this to the News Agency of Nigeria (NAN) on Tuesday.

She said that the sealed companies defaulted in remitting a total of N273.6 million.

Coker-Afolayan, who led the enforcement team on the occasions, said that the companies were sealed for not remitting deductions of workers’ personal income tax for one to six years.

Coker-Afolayan described the enforcement exercise, which began from Sept. 19, as very successful.

``Enforcement of tax laws enhances tax payment and compliance.

``This is because companies sealed for default in their payments will not like to be distrained a second time.

``Enforcement of the laws also encourages companies to remit their workers’ taxes on time to avoid being sealed,” she said.

Coker-Afolayan said that the payment of tax was a civic responsibility meant to be obeyed by all law abiding persons.



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