BREAKING: Lagos state govt shuts 34 companies over tax debts

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The Lagos state government has closed down 34 corporate organizations for failing to remit Personal Income Taxes of their employees and for non-remittance of consumption taxes.A statement by Monsurat Amasa-Oyelude, Head, Corporate Communications, LIRS, listed some of these companies to include NTS Nigeria Ltd., Med-In Hospital & Pharma Services Ltd., Danvic Petroleum Int’l Ltd., Business Intelligence Technology, Avaya Nigeria Ltd., Gladstone Tech Ltd., Courier Plus Services Ltd.

The businesses include Blitz Suites & Hotel, Offshoroomz Hotel, God’s Grace Hotel, De Orange Place Ltd., De Santos Hotel, Kentade Hotel Limited, Chamcee, Chelsea Suites, Falode Hotels, High Climax Hotel, Chez Moi Apartment, Excellence Hotel, Bereans Venture , La Avril Hotel & Suites, De Orange Place Ltd., Milaco Guest House, New World Inn, Model Motels Ltd, Rely Maritime Ltd, 4 Seasons Hotel, Dream Land Hotel, 343 North Restaurant and Lounge, and Jade Palace Chinese Restaurant.

Alade reported that the tax liabilities of these companies and hotels amounted to more than=N=356.12 million. He said their actions have caused the state government loss of revenue. Alade further reiterated that “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.

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NigeriaNewsdesk /  🏆 10. in NG

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