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LIRS Shutdown 34 Tax Defaulting Companies

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Thirty-four (34) corporate entities have been shut down by the Lagos State Internal Revenue Service (LIRS) for neglecting to pay personal income taxes of their staff members and for not paying consumption taxes to the Lagos State Government by hospitality industry operators, according to reports by Independent Newspaper.

Some of these companies 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., Kurioucity Ltd., Medilag Ventures Ltd., Future Oilfields, and Seven Six & Ten Limited, according to a statement made available to Independent Newspaper by Monsurat Amasa-Oyelude, Head, Corporate Communications, LIRS.

News About Nigeria gathered that, in addition, 23 hotels, restaurants, and event venues were shut down for neglecting to collect and submit consumption taxes during the same operation.

Among these companies are the following: Bereans Venture (Tantalizer Ebute Metta), 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, 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 are among these companies.

The Director of Legal Services LIRS, Mr Seyi Alade, was reported in the statement as saying this during a state-wide tax law enforcement action that the Service carried out in Lagos on Monday.

According to Alade, these businesses’ and hotels’ combined tax obligations exceeded N356.12 million. He said that the State government had lost money as a result of their conduct.