Lagos govt to shut headquarters of tax defaulting companies from Nov. 20

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Ambode

The Lagos State Government on Sunday said it would begin to shut the corporate headquarters of organisations that had defaulted in remitting statutory taxes to the government from Nov. 20.

The Commissioner for Finance, Mr Akinyemi Ashade, who made the disclosure on Sunday in Lagos, said some banks had failed to remit statutory taxes, including withholding taxes on banks’ interests for more than 10 years.

Ashade said that the government had resolved to resort to all lawful means to ensure compliance with statutory tax remittances.

“Any company found to have evaded tax will not be spared.

“It is in the interest of defaulting companies and their management to remit the statutory taxes to the state within the grace period to avoid embarrassment to them and their shareholders.

“All law abiding corporate organisations are advised to adhere to this directive as the state…

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