The Lagos State Internal Revenue Service on Monday sealed the premises of three financial institutions for allegedly owing more than N23.8 million in tax.
Head of the enforcement team,Jide Sosan,said two of the institutions were microfinance banks located at Maryland and Allen Avenue, Ikeja.
He said the amount was the accumulation of tax owed the state government between 2003 and 2008.
Sosan said the allegation that the government did not serve them warning notices before sealing firms was not true.
He said Several notices and correspondences were sent to the companies, asking them to pay their outstanding taxes, but to no avail.
Sosan noted with regret that some banks were found of evading tax even when their management had deducted same from their staff salaries.
It is a criminal offence to evade tax, hence anybody found guilty of the crime will face the wrath of the law.
No comments:
Post a Comment