Wednesday, June 10, 2009

Lagos Seals Five Firms over Tax Evasion.

Lagos Seals Five Firms over Tax Evasion

The Lagos State Internal Revenue Service (LIRS) has sealed-off premises of five companies for allegedly evading tax to the tune of over N100 million. The News Agency of Nigeria (NAN) reports that the companies were sealed for not remitting their tax liabilities from 2000 to 2007 to the coffers of the state government.

One of the LIRS officials, who requested anonymity, told NAN that the government had sensitised firms in the state on the need to remit their taxes promptly but some would not comply. “In this modern day of tax awareness in the country some companies still say that they are not aware of tax payment to the government.

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