Home BUSINESS BANKING & FINANCE Kaduna Inland Revenue Shuts Down Access Bank, 7 Others, Over N419.3 Million...

Kaduna Inland Revenue Shuts Down Access Bank, 7 Others, Over N419.3 Million Tax Liabilities

The Kaduna State Internal Revenue Service (KADIRS) has closed down the office premises of eight private companies in the state over N419.3 million tax liabilities.
KADIR’s Head of Corporate Communications, Zakari Muhammad, told the News Agency of Nigeria (NAN) that the action was backed by a Court Order.
Muhammad identified the companies as Access Bank, N249.9 million; Transmission Company of Nigeria, Regional Officer, N56.3 million; Transmission Company of Nigeria Sub-regional Office, N67.7 million and Sky Express Airways Ltd., N5.4 million.
Others are Azman Air Services, N15.2 million; China Zhonghao Nigeria Ltd., N8.6 million; Indomie Noodle Northern Region, Kaduna, N9.3 million; and Premier Feed Mills, seven million Naira.
He explained that the revenue service obtained Court Orders to close the offices of the corporate entities for failing to file and remit the huge tax liabilities.
He said that KADIRS is empowered by law to seal the premises of any organisation that operates in the state but fail to remit relevant taxes due to the state.
He cited some of the provisions of the law as Section 104 sub-section 3 and 4 of the Personal Income Tax (Amendment) Act, 2011 and Section 37 sub-section 3 and 4 of the Kaduna State Tax Codification and Consolidation Law, 2020. Source: NAN.