FIRS Seals Lagos Firms Over Multi-Million Naira Tax Liabilities

The Federal Inland Revenue Service (FIRS), has sealed two companies in
Lagos over sundry tax liabilities. The exercise, executed by FIRS
enforcement unit, saw the shutting of Tracit Ventures Ltd, located at
5B Cappa, Palmgrove Estate, in Ilupeju area of Lagos.

The FIRS said the company’s tax default between 2009 and 2014 totaled
N21, 042,946.39. This comprises company income tax, withholding tax;
value added tax and education tax.
Similarly, the enforcement team sealed Satek Nigeria Limited, located
at 8/10 Ilupeju Bye Pass, also in Lagos. FIRS said the company failed
to pay to the government its company income tax, value added tax and
education tax, amounting N24, 794, 394. ELANZANEWS.M

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