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Ekiti seals Chinese firm over N71.761m tax default

ADO-EKITI—Ekiti State Internal Revenue Service, IRS, has sealed off the construction site of a Chinese firm located in Ado-Ekiti for an alleged N71.761 million tax default.

The Chairman of the State IRS, Mr. Isola Akingbade, who led an enforcement team to the site, explained that the action was consequent upon the failure of Hongye Ampic Concept Ltd to comply with the personal income Tax Act (PITA) of 2006.

Akingbade stressed that the agency followed due process and that the action was carried out after a court order was duly obtained from a court of competent jurisdiction.

According to him, several efforts had earlier been made to ensure payment of the tax after it was discovered through a tax audit that the company was heavily indebted to the state government.

Flaying the nonchalant attitude of many foreign contractors to payment of tax, the IRS boss noted that such unwholesome position was not acceptable in their home countries and warned that government would no longer tolerate tax evasion.

Akingbade wondered why a company, whose fleet of heavy duty trucks enormously contribute to the short lifespan and incessant damage of roads that were constructed with taxpayers’ money in the state would evade tax.

He warned that the site would not be reopened until the company paid the total outstanding tax debt.

Efforts to speak with the contractors or their agents who were sighted around the construction site were unsuccessful as they declined to be interviewed by journalists.



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