Tax Evasion: LIRS Shuts Eight Firms

The Lagos State Internal Revenue Service (LIRS), has  sealed eight companies for failing to remit taxes amounting to N28. 3 million.

The Tide Source who accompanied officials of the LIRS on the clampdown of defaulting companies, reported the exercise lasted till late in the evening.

 The Head of Distrain Unit of LIRS, Mrs Folasade Coker-Afolayan, told our source that the companies were shut for failing to remit personal income taxes of workers.

She said that the tax liabilities of each of the companies were for between one to six years.

“Tax remittance is a civic responsibility of everyone and every company operating in Lagos. It is only when taxes are paid promptly that government can provide adequate and functional infrastructure for its citizens,” she said.

Coker-Afolayan warned the sealed companies not to violate the laws by opening their premises and doing business as usual.

She said it would amount to criminal offence to do so.

She urged taxpayers in the state to pay their taxes promptly and advised companies to also remit personal income taxes of their workers on time.

She said that LIRS was carrying out its mandate without fear nor favour.