FG Closes Down More Companies For Not Paying Tax
The federal government is not smiling with companies that fail to pay their fair share of taxes.
A team from the Enforcement Department of the Federal Inland Revenue Service, FIRS on Wednesday continued its shutdown of tax defaulting firms across Nigeria.
In Ibadan, the FIRS team sealed ISO Glass Industries Limited located at Block E, Plot 17, Oluyole Industrial Estate, Ring Road, over an alleged tax debt of 12 million Naira, accumulated since 2011, Punch reports.
In Umuahia, Abia State, the team sealed nine firms for tax default. Some of the affected firms are the Michael Okpara University of Agriculture’s Guest House, which allegedly owes 3.5 million Naira; De-Latino Concert Limited, 6.7 million Naira; and Hotel Macbeck Limited, 273,313 Naira.
Others are Ohama Suites Limited, with tax debt of 1.2 million Naira; Onyems Classic Pharmacy, 400,000 Naira; and Otubraco Nigeria Limited, 540,437 Naira.
The enforcement team led by Ruth Mandeun said three companies, shortly after they were sealed, went and cleared their arrears, while six others were still under seal as of close of operation on Wednesday.
Mandeun restated the commitment of the FIRS led by Tunde Fowler to recover all tax arrears from defaulters.
She decried the hostile attitude of some firms towards members of the task force during the enforcement exercise.