Tax Evasion: Ondo seals three hotels, two event centres
In line with the state’s enforcement of payment of consumption tax, Ondo State Internal Revenue Service has sealed up three hotels and two event centres in Akure.
This was confirmed by ODIRS leader of the enforcement team and Assistant Director (Legal Department), Mr Bayo Ogunsuyi, on Saturday.
He explained that the sealed hotels and event centres had failed to comply with the remittance of the Consumption Tax.
“According to the law, all taxes that are not remitted to the designated account of the state within the time allowed shall in addition to other penalties, attract five per cent interest per annum.
“(This is) above the prevailing Central Bank of Nigeria Minimum Rediscount Rate as determined at the time of the actual remittance.
“If a collecting agent fails to file a report and remit taxes (the Goods and Services Tax) collected within the time allowed by this law.
“The agent shall in addition, to interest payable under Section 109 above, pay a penalty of 10 per cent of the amount of tax due,” he said.