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Lagos State Shuts Down 250 Companies Over Tax Evasion

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The Lagos State government shut sown 250 companies in 2013 for not remitting their workers’ personal income tax to the government.

The Lagos State Internal Revenue Service (LIRS), who made this known on Friday January 31st 2014m said that the 250 companies withheld a total of N2.7 billion worth of tax liabilities for periods ranging from one to six years.

Mrs Folasade Coker-Afolayan, Head, Distrain Unit of LIRS, told the News Agency of Nigeria (NAN) in Lagos that the companies which failed to remit the tax in 2013 were higher by 100 per cent over the defaulters in 2012.

“In 2012, we sealed 120 companies for failing to remit N450 million, but last year 250 companies were sealed for not remitting N2.7 billion,” she said.

Coker-Afolayan described tax enforcement by the Lagos State Government as very successful, stressing that tax payment was a civic responsibility of all.

She urged companies to remit their workers’ personal income tax promptly in 2014 to avoid being shut.

“Prompt payment of tax will enable the government provide the necessary infrastructure and improve the standard of living of the people,” she said.

Coker-Afolayan advised tax payers to cooperate with the tax officers, stressing that it was an offence to assault tax officials.

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