Lagos seals 6 coys over tax default
The Lagos State Internal Revenue Service (LIRS) yesterday sealed up six companies over non remittance of taxes due to the state government totalling over N50 million.
The state’s official tax collector also said it was set to begin criminal prosecution of all tax defaulters to ensure that culprits face the full wrath of the law.
Executive Chairman of LIRS, Mr. Olufolarin Ogunsanwo who disclosed this to journalists, said the companies were sealed in accordance with provisions of Section 104 of the Personal Income Tax Act 2004 LFN (as amended in 2011) and would not be re-opened for business until all unremitted taxes were paid to the purse of the state coffers. He didn’t name the companies.
Ogunsanwo also warned other tax defaulting companies, especially employers of labour, to refrain from tax evasion, adding that the present government had zero tolerance for tax evasion.
The LIRS head said under the Personal Income Tax Act, a taxable person was statutorily required to file a return of income for the preceding year at the expiration of 90 days from the commencement of every year of assessment, while employers of labour are required to file all emoluments paid to their employees for the preceding year, not later than 31st of January each year.
“In addition to that, employers will also be required to furnish the LIRS with the salary projection of all staff for the current year. The implication of which is that a taxable person or corporate organisation who has not filed his/its tax returns with LIRS by the stipulated date is in breach of the provisions of the law, which is a criminal offence that is punishable under the tax laws,” he said.