Lagos Govt Vows To Shut Down Banks, Firms Over Tax Evasion
The Lagos State Government, will on Monday, November 20, commence the process of shutting down the headquarters of corporate organisations, including banks that have failed to remit statutory taxes to government coffers.
In a statement signed by the Commissioner for Finance, Mr. Akinyemi Ashade, she stressed that the state would not hesitate to resort to all lawful means to ensure compliance with statutory tax remittances.
“All law abiding corporate organisations are advised to adhere to this directive as the state government has given enough grace period for them to remit their taxes.
“Prompt payment of tax will enable the government to provide the necessary infrastructure and improve the standard of living of the people. When people pay their taxes promptly, government is encouraged to do more.
“The administration of Governor Akinwunmi Ambode has shown in the last two and half years that taxes paid are judiciously spent on projects that have impacted positively on the lives of Lagos citizens,” the statement said.
The government had lamented that many residents were not fulfilling their civic obligation of paying their taxes and that the prevailing situation would adversely affect government’s infrastructural renewal drive currently ongoing across the state, thus necessitating the decision to go all out to recover unremitted taxes.