Lagos seals 23 firms over tax default

LAGOS—The Lagos  State Internal Revenue Service, LIRS,  has sealed 23 companies over the  non-remittance of N326.6 million personal income taxes of workers in January.Mrs. Folasade Coker-Afolayan, the Head of Distrain Unit, said yesterday in Lagos that the taxes were the personal income taxes for a period of one year to six years.She restated that tax payment was a civic responsibility of every citizen, adding that the proceeds were being used by the government to provide infrastructure.She said: “Tax is a major source of government revenue. It enables it to provide infrastructure and improve the citizens’ standard of living.”Coker-Afolayan said that LIRS would continue to sanction tax defaulters and advised companies to remit taxes promptly to avoid embarrassment.She said that it was a criminal offence to break government’s seals on sealed companies.