Fidelity bank card banner Camano banner

Lagos State Internal Revenue Service moves against fraudulent firms

By News Express on 18/08/2015

Views: 3,055


The Lagos State Internal Revenue Service (LIRS), on Monday urged corporate organisations in the state to update their operational addresses of face prosecution.

Mrs. Ajibike Oshodi-Sholola, Head, Distrain Unit of LIRS, said in an interview with the News Agency of Nigeria (NAN) that the ultimatum stemmed from recent discoveries about companies with fake operational addresses in the state.

She identified false addresses as a major challenge encountered by LIRS operatives responsible for the sealing of organisations that failed to pay tax.

According to her, about 50 per cent of the addresses submitted by some organisations are non-existing.

She said that LIRS projected revenue from most of the corporate concerns with fake addresses were lost annually and unaccounted for by the service.

“The taxes of the companies that are not realised will invariably affect and reduce the government's earnings from taxation.

“So companies should not because of fear of the amount the government may give them to pay, continue to give false address.”

Meanwhile, four companies were sealed by the LIRS over N39.33 million tax evasion in a state-wide tax enforcement drive last week.

Oshodi-Sholola, who also led the enforcement team, said that the four companies were shut on Aug. 11, adding that the affected companies’ tax liabilities were for between 12 months and five years.

“The tax liabilities of the companies are specifically for from 2005 to 2010 tax audit year.”

She said that the enforcement drive would continue until tax-payers exhibit full compliance with tax laws.

According to her, the companies that were affected by the last week tax enforcement exercise comprised a hospital, real estate firms and a consultancy firm. (NAN)

•Photo shows Governor Akinwunmi Ambode of Lagos.

Source News Express

Posted 18/08/2015 08:36:29 AM

 

 

CLASSIFIED ADS

 

You may also like...
Gunmen kill 7 in Taraba

ASUU criticises amendment of JAMB Act

Aba residents urge speedy completion of roads under...

2018: Amosun assures of accelerated development of Ogun...

APC launches counter-offensive •Says PDP ‘a Christian party’...

Salah will make the Russia World Cup, says...

Expect cloudy skies, thunderstorms on Tuesday - NiMet...

N458m contract scam: Court orders police to produce...

Alcohol kills over 3 million people yearly —...

Kidnap kingpin identifies lawmaker as gang member

Arewa, JNI mourn Emir killed by Boko Haram,...

NiMet predicts nationwide rains, thunderstorms on Sunday

 

Latest News NASU strike: Admission seekers stranded as varsity shelves screening Orji Kalu set to travel to Germany despite Ekweremadu attack Auditor-general indicts presidency, EFCC, NASS Identities, confessional statements of alleged killers of Enugu Catholic priests questionable — Intersociety •Says assault on Ekweremadu blown out of proportion Police seal off venue where Soyinka, Falana were to speak in Lagos Abia workers ground activities over unpaid salary arrears Bandits kill 13 in two Katsina communities APC blames PDP for assault on Ekweremadu, says ‘opposition party promoted IPOB’ UK to face food, fuel, drug shortages In Abia, development enters reverse gear PDP screens governorship aspirants for Bayelsa, Kogi Police arrest eight suspects during initiation into Lagos cult

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (528,164 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (438,252 views) Shameless Genevieve Nnaji exposes breasts in public (383,074 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (321,908 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (289,941 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,007 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (245,650 views) 10 cars more expensive than Jets (232,415 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (227,694 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (213,931 views) Lagos plane crash: Journalist releases victims’ names (192,880 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (190,798 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (98) Business & Economy (4,395) Business Verdict (78) Columnists (1,094) Complaints & Requests (95) Enterprise & Opportunities (214) Entertainment (647) Features (795) Global Business Monitor (418) ICT Monitor (58) International (3,847) Interview (198) Live Commentary (30) Love Matters (166) Maggie's Blog (379) News (50,152) Opinion (1,325) Pidgin (17) Politics (11,317) Religion (1,085) Sports (2,133) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera