FIRS Seals 4 Firms Over N630m Tax Debt

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The Federal Inland Revenue Service (FIRS) on Monday shut down four companies in Lagos and Port Harcourt over their alleged failure to meet their tax obligations, to the sum of N630m.

The affected firms include Charcoal and Spices Restaurant Limited, GRA, Port Harcourt, and Cioscon Nigerian Limited, Aba Road, Port Harcourt.

The companies were sealed after the leader of the FIRS enforcement team, Mrs. Anita Erinne, presented before the officials of the affected firms a warrant of distraint.

It is understood that Charcoal and Spices Restaurant Limited owes N12,388,979.50 tax debt while Cioscon Nigerian Ltd has a tax liability amounting to N479,203,464.43 from 2014 to 2016 which the firm has failed to remit.

Erinne told the defaulting firms that the companies’ premises will be unsealed when they clear their outstanding tax bills.

She warned the workers not to unseal or tamper with the FIRS seal until the debts are cleared, stating that any attempt to remove the seals will be a contravention of the law.

Erinne, however, noted that the firms have been officially notified of their indebtedness to FIRS, stating that all the companies’ taxes should be paid before their premises could be unsealed.

In Lagos, the enforcement team of the FIRS sealed Joza Global Service situated at 18, Ribadu Road, Ikoyi, Lagos over a tax debt of over N30.6 million. The FIRS team also sealed-off Spog Petrochemicals Limited situated at 50d, Glover Road, Ikoyi, Lagos over a tax debt of N105.5 million.

Last week, the FIRS sealed off the premises of tax-owing companies in Abuja. Among these was an educational facility, Fanaks International Schools in the Asokoro area of the federal capital. The school was owing a total of N976,133.57 in Company Income Tax (CIT), Education Tax (EDT) and Withholding Tax (WHT).

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

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