Tax: Edo shuts 150 businesses over tax
…begins name-and-shame campaign
Edo Internal Revenue Service (EIRS) has sealed over 150 businesses for defaulting in personal income tax, Withholding Tax, and consumption tax remittances, as it commences its name-and-shame campaign to deepen tax compliance.
Executive chairman of EIRS, ‘Nidu Inneh, said on Tuesday that over 150 defaulting businesses in Oredo Local Government Area were affected in the enforcement drive.
According to him, “We have kicked off enforcement of the collection of consumption tax, withholding tax and personal income tax as we commence the name-and-shame campaign. For this campaign, we are going to go round the businesses that are not up to date on their tax payments.”
He said businesses affected include hotels, bars, eateries and restaurants, noting that the exercise is aimed at ensuring that the businesses meet tax obligations due government.
Last week, Inneh announced the commencement of the name-and-shame campaign, aimed at calling out high-net individuals and businesses that were not meeting their tax obligations to the government.
“We have resolved to embark on a name-and-shame campaign, as many proprietors who run viable businesses in the state are culpable for tax avoidance and evasion,” he noted.