LIRS shuts 34 companies over tax debt

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The Nation Newspaper LIRS shuts 34 companies over tax debt

Lagos State Internal Revenue Service has shut 34 firms for failing to remit Personal Income Taxes of their employees.., Med-In Hospital & Pharma Services Ltd., Danvic Petroleum Int’l Ltd., Business Intelligence Technology, Avaya Nigeria Ltd., Gladstone Tech Ltd., Courier Plus Services Ltd., Kurioucity Ltd., Medilag Ventures Ltd., Future Oilfields, and Seven Six & Ten Limited.

Director of Legal Services, Seyi Alade, during a tax law enforcement exercise, said the tax liabilities amounted to about N356.12 million. He lamented that their actions have caused the government loss of revenue.According to Alade, the LIRS previously stepped down on enforcement to promote voluntary compliance. ‘However, certain companies and hotels chose tax evasion. Therefore, the renewed enforcement is targeted at such companies, restaurants, hotels, and event centres’.

 

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