Search This Blog

Friday, August 20, 2010

LASG seals off 6 multinational companies over tax evasion

The Lagos State Internal Revenue Service has sealed off another six multinational companies for evading tax and failure to remit tax deducted from their workers’ salaries.

Head, Tax Enforcement team,Jide Sosan said the six companies had tax liabilities of more than N78.9 million.

Sosan said the companies allegedly refused to remit their tax liabilities to the state government.

He said two companies hurriedly issued a cheque for N2.3 million to the team to prevent their premises from being closed.

According to him,Tax defaulters or evaders in the state may be heading for a collision course with the state government, if they refused to remit their taxes.

He said government is set to check the excesses of tax evaders and defaulters,appealing to them to always remit their taxes to the government.

Sosan said despite the notices and appeals from the government urging them to pay, some companies still evaded taxes.

He advised those that could not cope to relocate their business premises to other states, saying that the state government would no longer take it lightly with any company found engaging in such an act.

Sosan said the fund realised from taxes was being used to develop the state in view of the reduction in the allocation from the Federation Account.

No comments:

Post a Comment