Economy

LASG seals 14 firms over tax evasion

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The Lagos State Internal Revenue Service (LIRS) has resumed sealing of companies and hospitality firms over unpaid consumption taxes, shutting 14 firms during tax law enforcement on Wednesday.

The LIRS  Director of Legal Services, Mr Seyi Alade, said during the state-wide enforcement that two enforcement teams had been mobilised by the service.

He noted that  LIRS suspended for sometime, shutting of corporate organisations and hospitality firms over unpaid taxes.

“Now, the service has resumed sealing of firms particularly the hospitality firms; it is committed to continuing the exercise until full compliance to tax payment and remittance are achieved,” Alade said.

Alade claimed that less than 65 per cent of the corporate organisations operating in the state paid taxes, saying that many of them operated without any tax remittance to the government.

He called on firms to ensure up-to-date tax payment.

The  Head of Distrain Unit of the LIRS, Mrs Ajibike Oshodi-Sholola, said that the two enforcement teams had sealed 14 hospitality firms, including restaurants, hotels and guest houses.

Oshodi-Sholola listed the sealed companies  to include Piccolomondo Restaurant, Virgin Rose Resorts, Precint Comfort Services, Villa Angelia Hotel, Debonairs Pizza, Allied Management Ltd. and Ocean Suites.

She said that the others included  Sabitex Hotel, LCCI Hall, Extended Stay Hotel, Monarch Gardens Ltd., La Maison Hospitality Ltd. and Villa Toscana Hotel.

According to her, the tax liabilities of the affected firms covered from 2014 to 2016, saying that they were audited for the two years but had yet to make payment.

“Before LIRS embarks on sealing, it must send two letters to the management of the affected firm, reminding it of tax liabilities.

“Both the demand notice and letter of intention to distrain were sent to the management of hospitality firms but  they failed to act,” she said.

Edited by Ijeoma Popoola

Lilian Okoro

Lilian Okoro: NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @ nnn.ng. Disclaimer.

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