Some branches of Access Bank, and six other companies have been sealed by the Kaduna State Internal Revenue Service (KADIRS), over tax liabilities amounting to N419.3 million.
Head of Corporate Communications of the KADIRS, Mr Zakari Muhammad, explained at the weekend that the affected bank and companies, including the Regional Office of Transmission Company of Nigeria (TCN), were closed based on a court order after they failed to settle their outstanding tax returns of N419.3 million.
According to Muhammed, the affected companies as Access Bank – N249.9 million; Transmission Company of Nigeria’s Regional Office – N56.3 million; Transmission Company of Nigeria’s sub-regional office – N67.7 million; and Sky Express Airways – N5.4 million.
Others are Azman Air Services – N15.2 million; China Zhonghao Nigeria – N8.6 million; Indomie Noodle, Kaduna – N9.3 million; and Premier Feed Mills – N7 million.
Muhammad also stated that KADIRS was empowered by law to seal the premises of organisations that fail to remit taxes due to the state, citing Section 104, sub-section 3 and 4 of the Personal Income Tax (Amendment) Act, 2011 and Section 37, sub-section 3 and 4 of Kaduna State Tax Codification and Consolidation Law, 2020, as the legal instruments.
DISCLAIMER
The OPINION / COLUMN is authored by independent contributors to the National Accord Newspaper. While contributors adhere to our editorial guidelines, they are not employed by the National Accord Newspaper. The perspectives and opinions expressed herein are solely those of the author and do not represent the views of the National Accord Newspaper or its staff.
Leave a Reply