Tax Debts Lagos Govt Shuts Down 34 Companies [FULL LIST]
Governor Babajide Sanwo Olu

No fewer than 34 companies have been shut down the Lagos State Internal Revenue Service (LIRS) over their failure to remit personal income tax of their employees and non-remittance of other taxes worth ₦356.12 million.

The Director of Legal Services at LIRS, Seyi Alade made this disclosure yesterday while addressing a state-wide tax law enforcement exercise.

He said the offices shut down include operators within the state’s hospitality sector.

These companies deduct personal income taxes from their employees’ salaries at the end of each month and charge consumption taxes on goods and services purchased by customers.

‘Unfortunately, some unpatriotic firms withhold these payments, illegally converting the funds for their own use,’ he said.

Read Also: Tinubu Stops 5% Excise Tax On Telecoms, Suspends Finance Act

Full List:

1. NTS Nigeria Ltd

2. Med-In Hospital & Pharma Services Ltd

3. Danvic Petroleum Int’l Ltd

4. Business Intelligence Technology

5. Avaya Nigeria Ltd

6. Gladstone Tech Ltd

7. Courier Plus Services Ltd

8. Kurioucity Ltd

9. Medilag Ventures Ltd

10. Future Oilfields

11. Seven Six and Ten Limited

12. Blitz Suites and Hotel

13. Offshoroomz Hotel

14. God’s Grace Hotel

15. De Orange Place Ltd

16. De Santos Hotel

17. Kentade Hotel Limited

18. Chamcee

19. Chelsea Suites

20. Falode Hotels

21. High Climax Hotel

22. Chez Moi Apartment

23. Excellence Hotel

24. Bereans Venture (Tantalizer Ebute Metta)

25. La Avril Hotel and Suites

26. De Orange Place Ltd

27. Milaco Guest House

28. New World Inn

29. Model Motels Ltd

30. Rely Maritime Ltd

31. 4 Seasons Hotel

32. Dream Land Hotel,

33. North Restaurant and Lounge

34. and Jade Palace Chinese Restaurant.

Recall that a few weeks ago, President Bola Tinubu had signed four executive orders, including the suspension of the 5% excise tax on telecommunication services and the escalation of excise duty on locally produced goods, in an effort to reduce the number of taxes, as has been complained about by a cross-section of Nigerians and the business community.

The 2023 Finance Act 2023 was also halted by the President, delaying its start date from the 28th of May 28, 2023, to the 1st of September, 2023.

Africa Today News, New York gathered that quite a number of the suspended taxes were issued through Executive Orders by former President Muhammadu Buhari at the twilight of his administration.

Africa Today News, New York

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