second time in October, the Federal Inland Revenue Service (FIRS) has tackled
companies defaulting in tax payment and remittance to the Federal Government.
recalled that the FIRS had on Oct. 3 clamped down on some oil companies in
Lagos for failing to pay their taxes.
fresh exercise which took place on Tuesday in Lagos, six tax-defaulting
companies owing over N2 billion were visited.
The exercise covered First Deepwater Oil Services; Lottoj; Alliance and
General Insurance; Leaders and Company Limited; Tonique Oil and Gas Services,
and TAK-Agro Fertiliser Company.
computers and some financial documents from the companies, in order to
ascertain some financial claims.
department of the
the companies had defaulted in tax payment for long.
agreement on payment strategy for the benefit of all the parties in the
effort through meetings and correspondence on the issue of tax payment, the
companies failed to keep to the agreement,
remittance, which is a criminal itself,” she said.
to make arrests of not only the managing director of defaulting companies, but
also managers and other principal staff.
was defaulting in tax to the tune of N82.7 million as well as not having filled
returns since 2011.
filed returns since 2013, while the Alliance and General Insurance had failed
to pay up over N1.1 billion tax.
tax to the sum of N228 million and had failed to file returns since 2005.
tune of N28.9 million, the FIRS records showed, while TAK-Agro Fertiliser
Company also failed to pay up N960.3 million taxes.
companies worked with payment strategies that would help them pay their
taxes and still run their businesses.
cooperated in enforcing the lien placed on some accounts of tax defaulting
companies as they still operated such accounts with ease.