Browsing: LIRS

The LIRS has in the last few months embarked on massive advocacy and enlightenment programmes, taking Lagos residents and taxpayers through a process of education on the laws bordering on tax administration and the need and benefits of paying taxes as and when due

Zubair, born in 1960, is a graduate of Accounting from Manchester Polytechnic and worked for five years at Pricewater before he later became one of the directors at his father’s firm, Hamzat Zubair Folami & Co.
He is a fellow of some professional bodies in the country, among which are Institute of Chartered Accountants of Nigeria and Institute of Taxation

In a letter to the House of Assembly, read on the floor of the House, Governor Ambode said that following the retirement of the erstwhile Chairman, Folarin Ogunsanwo, who held the post since September 2015, it became expedient to quickly seek a suitable replacement in view of the vital position of the LIRS towards its revenue generation drive and in attainment of the set target of his administration to deliver good governance to the citizenry

The affected Hotels and Restaurants were reported to be owing the State a cumulative sum of N91,157,286.75.
Speaking tough on the stand of the state government, the Director of Legal Services of the LIRS, Seyi Alade, gave a stern warning during the statewide tax enforcement exercise that defaulting Hotels, Restaurants and Event Centres would now face the full wrath of the law if they fail to deduct and remit their taxes as provided by the law

The affected hotels include Starfire Hotels, Ikeja; Zaaz Hotel Limited, Ikeja; Le Parisian Suites, Opebi; Cottage Guest House Two, Opebi; Suite 29, Ikeja; Bec Ind Catering Company, Ikeja; Hotel De Jas, Oshodi; Florida International Motel, Ajao Estate; Atlantic Product Limited, Victoria Island; Soul Centre, Okota; and Taesuites Limited, Ikoyi

The defaulting companies, Nicon Town Management Company) with a tax liability of N36,053,652.89, Marketing Mix and Company Limited with a liability of N10,712,914.15, Hope Valley International Clinic with a liability of 2,389,885.28, BEC Consultants Nigeria Limited with a tax liability of N792,563.47, Goldmine Global Services Limited owing N505,812.73 and Brown Brommel Limited with a liability of N368,159.63) owed the Lagos State Government money for periods ranging from one to five years (2007 to 2012)