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Coca-Cola Nigeria bags exemplary tax compliance award for the 6th year

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Coca-Cola Nigeria Limited has for the sixth year running won the Lagos State Tax Compliance Award in recognition of the company’s exemplary compliance with its PAYE tax obligations.

Speaking at the 2015 edition of the Lagos State Annual Taxation Stakeholders Conference held in Ikeja recently, where the award was presented to Coca-Cola as well as a few other companies including Access Bank, Governor Babatunde Fashola of Lagos State lauded the awardees for fulfilling their civic duty and thereby enabling the government to fund its development programmes in the state.

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“We have always harped on the importance of private and corporate residents in Lagos paying their taxes as part of their civic responsibility and because our state serves as a base for many businesses, a major portion of our revenue comes from the taxes levied on them. We are glad that our drive to improve tax compliance is an ongoing success. This is why Lagos is working regardless of the economic drop the nation is experiencing over plummeting oil prices and we have you, our committed tax payers to thank for this,” the governor said.

Receiving the Tax Compliance Award on behalf of Coca-Cola Nigeria, Seye Dosunmu, its finance director, said the award validated the company’s commitment to best practices and exemplary leadership, saying “Coca-Cola is committed to promoting sustainable development in our communities, and paying taxes as and when due is in line with this commitment.”