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LASG seals 7 firms over tax default

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LAGOS – The Lagos State Internal Revenue Service (LIRS) said it sealed seven companies in May for defaulting to remit N18.6 million personal income taxes of their workers.
Mrs Folasade Coker-Afolayan, the Head of Distrain Unit of LIRS, disclosed this in Lagos on Thursday in an interview with the News Agency of Nigeria (NAN).
Coker-Afolayan said that the due taxes were for periods ranging from one to three years.
The tax officer said the affected companies were in the manufacturing, tourism, shipping, energy and hospitality sub-sectors.
She reiterated that tax payment was a civic responsibility of citizens and the proceeds were needed by government to provide infrastructure.
“Tax is a major source of government’s revenue. It enables it to provide infrastructure and improve citizens’ standard of living,” she said.
Coker-Afolayan said that the LIRS would continue to sanction tax defaulters, adding that some employers were fond of deducting workers’ taxes without remitting them to government’s coffers.
She advised companies to remit deducted taxes promptly to avoid embarrassment, stressing that it was criminal to tamper with government’s seals on sealed companies.
 LIRS sealed 72 companies in the first quarter of the year for failing to remit N552.6 million personal income taxes to the state government. (NAN)

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