The Lagos State Internal Revenue Service said on Monday that it had launched a renewed enforcement exercise against defaulting taxpayers by sealing eight companies for failure to file returns and payment of taxes.
The Lagos State Internal Revenue Service is to generate N500 billion toward the implementation of the 2020 budget, the state Commissioner for Economic Planning and Budget, Sam Egube, has said.
The revenue agency, the Governor disclosed, has enjoyed unrestrained independence under his watch, stressing that his administration would continue to strengthen the agency to achieve its yearly revenue targets.
She told an Igbosere High Court on Wednesday in Lagos that the LIRS informed the prosecution team that the defendant visited its office and reconciled his accounts.
The LIRS Director of Legal Services, Seyi Alade, said during the statewide enforcement that two enforcement teams had been mobilised by the service.
A Lagos State Prosecutor, Y. A. Pitan, has told an Igbosere High Court in Lagos, that former Super Eagles captain, Austin Okocha, has not liquidated the alleged tax debt he owed the state.
The Director of Legal Services of the LIRS, Seyi Alade, made the disclosure in an interview with the News Agency of Nigeria on the sidelines of a tax law enforcement exercise, conducted in Lagos on Tuesday.
Speaking in an interview at the weekend, the LIRS boss said the availability of information, locally and internationally, makes it virtually impossible for tax avoiders to escape detection.
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 Executive Chairman of the service, Olufolarin Ogunsanwo, told the News Agency of Nigeria in Lagos that the agency’s tax law teams had begun the sealing of defaulting firms
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 Commissioner, who disclosed that the Ministry of Justice had established a Rapid Tax Prosecution Unit to aid the Lagos Internal Revenue Service in its drive to collect taxes, added that the unit would work closely with the Revenue Court which the Chief Judge of Lagos State recently agreed to set up
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)
The Lagos State Internal Revenue Service on Wednesday said that it had abolished the distrain fine on tax-evading companies throughout…
The Lagos State Internal Revenue Service has shut down six companies for failing to remit N11.3 million personal income taxes…
The managing director was also alleged to have manhandled officials of the Distrain Unit of Lagos Internal Revenue Service, who sealed the firm
Folasade Coker-Afolayan, the Head of Enforcement Unit of the Lagos State Internal Revenue Service, led a team that closed the office located at 10B ACME Road, Agidingbi, Ikeja