FIRS seals two firms over N72.558 million tax debt

The Federal Inland Revenue Service (FIRS), yesterday in Lagos sealed off the premises of two companies for their failure to pay taxes.

The Assistant Manager (Legal), FIRS, Ruth Mandeun, who led the FIRS enforcement team, sealed Giandan Nigeria Limited situated in Lagos over tax debts totaling N47.779 million and also sealed Justeen International Limited over a tax debt of N24.779 million.

In her comments after the exercise, Mandeun said the defaulting companies will be reopened only after they have cleared their arrears.
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She said, “It is quite upsetting for us to close down companies, but we just have to perform our lawful mandate. The two companies that were closed down clearly defaulted in paying their taxes and they are fully aware of the repercussions.

“They will get to be reopened, but that is after they have cleared up their debts”, Mandeun said.
She maintained that the FIRS is committed to ensuring that all individuals and corporate entities pay their taxes as at when due.