Business
LASG Seals 23 Firms Over Tax Default
The Lagos State
Internal Revenue Service (LIRS) has sealed 23 companies over the non-remittance of N326.6 million personal income taxes of workers in January.
The Head of Distrain Unit, Mrs Folasade Coker-Afolayan, told newsmen in Lagos that the taxes were the personal income taxes for a period of one year to six years.
She restated that tax payment was a civic responsibility of every citizen, adding that the proceeds were being used by the government to provide infrastructure.
“Tax is a major source of government revenue. It enables it to provide infrastructure and improve the citizens’ standard of living,’’ she said.
Coker-Afolayan said that LIRS would continue to sanction tax defaulters and advised companies to remit taxes promptly to avoid embarrassment.
She said that it was a criminal offence to break government’s seals on sealed companies.