• Contact Us
  • About Us
Thursday, June 19, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Companies and Markets

LASG seals 14 firms over tax evasion

metro by metro
July 4, 2019
in Companies and Markets
0
0
SHARES
0
VIEWS

LIRSThe 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.

Read Also

Dollar Inches Up, Oil Firms As Israel-Iran Confluct Puts Markets On edge, Stokes Supply Disruption Fears

Boeing Shares Drop 5.0% After 787 Crash On Air Indian Flight

SEC Warns Nigerians Against Meme Coin, $PUN Investment 

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.

The News Agency of Nigeria (NAN) reports that some of the affected firms made payments regarding  their liabilities in the course of the distrain/enforcement and paid additional N250,000 as the cost of the distrain.

Tags: LIRS
Previous Post

COOUTH Doctors, Anambra Government’s Faceoff: The Issues and Way out of Quagmire

Next Post

Tax evasion: Kaduna revenue agency recovers N9.4 bn from federal agencies – Official

Related Posts

Dollar Inches Up, Oil Firms As Israel-Iran Confluct Puts Markets On edge, Stokes Supply Disruption Fears
Companies and Markets

Dollar Inches Up, Oil Firms As Israel-Iran Confluct Puts Markets On edge, Stokes Supply Disruption Fears

June 16, 2025
Boeing Shares Drop 5.0% After 787 Crash On Air Indian Flight
Companies and Markets

Boeing Shares Drop 5.0% After 787 Crash On Air Indian Flight

June 12, 2025
Expectations High As SEC DG Meets Blockchain Industry Stakeholders
Companies and Markets

SEC Warns Nigerians Against Meme Coin, $PUN Investment 

June 7, 2025
Shares Dither, US Dollar Climbs On Rosy Economic Data
Companies and Markets

Shares Dither, US Dollar Climbs On Rosy Economic Data

May 28, 2025
Next Post

Tax evasion: Kaduna revenue agency recovers N9.4 bn from federal agencies – Official

Zenith Bank

Zenith Says Dividend Freeze, Temporary, Exits CBN Forbearance Arrangements By End Of June, 2025

June 18, 2025

Angola to Host ATIDI’s 25th Annual General Meeting as Africa’s Multilateral Insurer Marks 25 years of Impact

June 18, 2025
CBN

CBN’s Forbearance Policy, CRR, LRR May Threaten Banks’ Lending, Proposed $1tn Economy

June 18, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version