LAGOS SEALS SIX FIRMS FOR TAX FRAUD


Lagos State Internal Revenue Service  (LIRS) said it has sealed six companies for allegedly defaulting in remitting taxes to the tune of N17.9 million.The Head of LIRS Enforcement Unit, Mrs. Folasade Coker-Afolayan, who disclosed this to Journalists in Lagos said the companies failed to remit the workers’ income taxes.

According to Coker –Afolayan the companies who failed to remit the taxes in the last six years had been warned not to reopen until they had settled the tax liabilities with the state government.Although she didn’t disclose the identity of the firms, she said “For now, these properties belong to the Lagos State Government until they pay their tax liabilities to the government. It is a criminal offence to break government’s seal”. She argued that tax remittance was a civic responsibility of everyone, saying prompt remittance of taxes would enable government to function effectively. She pointed out  that the Personal Income Amendment Act of 2011 provided that the tax authority to seal firms which defaulted in paying taxes , urging companies to remit their workers’ personal income taxes promptly to avoid being embarrassed.

 

 

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