Skip to main content

N100m Tax Debt: FIRS seals two firms in Abuja

FILE PHOTO: FIRS officials at NICON Luxury Hotel Abuja

FILE PHOTO: FIRS officials at NICON Luxury Hotel Abuja

The Federal Inland Revenue Service, Thursday, sealed the offices of two Abuja-based firms over tax liabilities totalling N100.8 million.

The affected companies are Eurobond Construction Company Limited, which owes N70.9m for 2014 and 2015; and Design and Build Limited, indebted to the tune of N29.95m for 2014 and 2015.

The enforcement exercise is part of measures aimed at improving revenue to the government.

The FIRS enforcement team, led by Mr Chinazo Edeh, shut the premises of Design and Build at about 12:23pm and at about 3:17pm, the same to Eurobond.

A notice of enforcement placed at the entrance of the office of Design and Build Ltd reads:”Take notice that the owners of these premises have failed to comply with the company ‘s tax obligation under the Value Added Tax Laws of the Federation of Nigeria.

“Any officer or agent of the company involved in this contravention is liable for non-compliance and punishable under the relevant VAT Act.”

Eden explained that the companies failed to remit their taxes despite notices served on them to to do so.

He said the premises of the affected companies would remain shut pending when their outstanding liabilities would be paid to the service.

At Eurobond, the FIRS officials encountered hostility, as the firms management argued that it has no tax liability.

A senior official of the company told the enforcement team that the contract upon which the tax liability was to be paid was executed for the government of Zamfara State and the amount payable
by the company was deducted as withholding tax by the state government.

But the enforcement team said FIRS’ records show otherwise and shut the company.

Labels:

Comments

Post a Comment

Popular posts from this blog

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...
Post a Comment
Read more

Fall of Assad is a Blow to Russia's Prestige

The potential fall of Syrian President Bashar al-Assad, a long-standing ally of Russia, would mark a turning point in Moscow’s global influence, particularly in the Middle East. Steve Rosenberg’s analysis underscores the profound implications for Russia, which has invested heavily—both militarily and politically—in ensuring Assad’s survival over the past decade. This article delves into why Assad’s downfall would strike at the core of Russian prestige and what it could mean for the broader geopolitical landscape. Russia's Strategic Commitment to Syria Since the outbreak of the Syrian civil war in 2011, Russia has been a staunch supporter of Assad's regime. In 2015, Moscow launched a military intervention that proved decisive in stabilizing Assad’s hold on power. This intervention solidified Russia's role as a key power broker in the Middle East and demonstrated its willingness to project military power far beyond its borders. Syria is not just an ally for Russia; it is a...
Post a Comment
Read more

Fire: UniJos Senate convenes emergency meeting on Monday

Fire at the University of Jos Library University of Jos is to convene an emergency senate meeting on Monday to review the level of damage done to the institution by the Saturday night inferno. The Vice Chancellor, Prof. Sebastian Maimako, disclosed this on Sunday after inspecting areas affected by the incident. The fire, which lasted for more than six hours, destroyed the Library Complex that equally houses the faculties of management and social sciences. The fire also destroyed examination scripts, books and very crucial materials. Consequently, the vice-chancellor said “the Senate will meet tomorrow (Monday) to take a decision about the unmarked examination scripts that were burnt.” On the cause of the inferno, Maimako said investigation had commenced, adding that “nothing has been confirmed yet. We are still investigating.” The vice chancellor said the school was already working with federal authorities toward establishing a main fire station since the mini fire station in t...
Post a Comment
Read more