Business Lagos Shuts Down 250 firms for Evading Tax

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LequteMan

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Mrs Folasade Coker-Afolayan, Head, Distrain Unit of the Lagos State Internal Revenue Service (LIRS) on Friday said that 250 companies were shut down in 2013 for not remitting their workers’ personal income tax to government.

She said that the defaulting companies’ tax liabilities were for periods ranging one to six years.

According to her, the companies which failed to remit the tax in 2013 were higher by 100 per cent over the defaulters in 2012.

“In 2012, we sealed 120 companies for failing to remit N450 million, but last year 250 companies were sealed for not remitting N2.7 billion,” she said.

She described tax enforcement by the Lagos State Government as very successful, stressing that tax payment was a civic responsibility of all.

“Prompt payment of tax will enable the government provide the necessary infrastructure and improve the standard of living of the people,” she said, and also urged tax payers to cooperate with the tax officers, stressing that it was an offence to assault them.

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