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Monday, 14 May 2012

Nigeria's Federal Inland Revenue Service arrests executives for not paying N2.18 billion in taxes

Nigeria's Federal Inland Revenue Service (FIRS) has arrested executives of UTC, Pivot Engineering, Reliance Telecommunications, Entertainment Highway, HITV, John Holt and Sweet Sensation for allegedly failing to remit N2.17 billion in taxes. In a statement, the FIRS Director of Communications said that the effort is aimed at recovering arrears of taxes - Company Income Tax (CIT), Education Tax (EDT), Withholding Tax (WHT) and Value Added Tax (VAT) - due to the government. He also pointed out that the companies had been served many notices to pay outstanding tax liabilities.

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