Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

7 companies shut over N22m tax evasion

09 November 2012, 13:13

Lagos - The Lagos State Internal Revenue Service (LIRS) says it has sealed seven companies for allegedly defaulting in remitting N22 million taxes.

Mrs Folasade Coker-Afolayan, the Head of the Distrain Unit of the service, disclosed this in an interview with News Agency of Nigeria (NAN) on Friday in Lagos.

She said that the companies were shut for not remitting personal income taxes of workers to the state government.

Coker-Afolayan, who led the enforcement team, said that the state government was being owed taxes ranging from one to three years.

According to her, it is unconstitutional for any company to withhold personal income taxes and was also a criminal offence for anyone to reopen sealed companies without authorisation from the government.

``It is unconstitutional for anyone to reopen any sealed company.

``Only the state government can reopen such companies after they might have remitted the taxes to the government coffer,” Coker-Afolayan said.

Coker-Afolayan urged the defaulters to pay their debts so as to have their companies reopened.

She also advised companies to remit their taxes promptly to the government.

``It is better for companies to pay their taxes as at when due to avoid sanction and consequently avert loss of productivity,’’ she said.

According to her, the agency’s action is derived from an order of the State High Court and in accordance with the Personal Income Tax Amendment Act of 2011.

Coker-Afolayan said that the new law provided for the tax authority to apply to the court for warrant to close the premises of defaulting tax payers.

She urged tax payers to cooperate with the LIRS officials to enforce relevant regulations and ensure prompt remittance of their taxes as and when due.

The official also said that it was unlawful for anyone to assault tax officials while performing their duties.

``Anyone found assaulting tax officials will be dealt with accordingly,’’ she warned.

NAN reports that the LIRS sealed 13 companies in September for defaulting to remit N140 million personal income taxes to the state government.

NAN

NEXT ON NEWS24 NIGERIAX

Read News24’s Comments Policy

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Peregrino Brimah
Re-election Antics: From “#BringB...

It has been recognized that the Jonathan-led Government is speedily processing a limited ceasefire with Boko Haram as a reelection necessity urged upon it in response to pressing local and global frustration. Read more...

Submitted by
Akubo Simon
Hell shall toil with your life!

God is the strength of Africa because we are powerless. Read more...

Submitted by
Roland Jerry
Jonathan finally declares interes...

President Goodluck Jonathan has finally announced his interest to contest in the 2015 presidential election. Read more...

Submitted by
DSAGE
Another Jesus in heaven!

The term "portfolio" means that he is now reining, ruling and sitting with God just like Jesus who ascended into heaven where he sat at the right hand of the God in Bible. Read more...

Submitted by
DSAGE
The tree of life

According to the wise, the man started growing and spreading out in the universe and today, we in life are still seen growing and multiplying as parts of the original tree of life planted by nature under the Sun. Read more...

Submitted by
DSAGE
Letter to my Juliet

Love you, my Juliet! We shall have all the time to fly and catch all the fun in the world. Read more...