Home Business FCTA Shuts Down School, Hotel, and Businesses for Evading Taxes  
BusinessNews

FCTA Shuts Down School, Hotel, and Businesses for Evading Taxes  

212

The Federal Capital Territory Administration (FCTA), along with the FCT Internal Revenue Service (FCT-IRS), has closed several establishments in the capital city for not paying taxes.

Led by Mr. Festus Tsavsar, Acting Director, Legal Services, at the FCT-IRS, the team shutdown Regency Hotels, Gratias International School, Rural and Urban Homes Ltd, Trevari International Company, and Phenomenon International Company.

These places did not file their annual tax returns despite being warned many times, even receiving court orders.

Gratias International School reportedly changed its name to DGIS College to avoid paying taxes. Residency Hotels and other businesses faced similar consequences.

“We have been able to effectively comply with the court order by sealing off the premises as directed. We went to Gratias International School located in Games Village, Kaura, and sealed it off.

“The offence they committed was refusal to file their annual returns despite many notices, including a Court Summon but the school management refused to comply.

“We are at their premises and the management refused to attend to us; and refused to open their doors, despite many calls for them to do so to enable us to enforce the court order,” he said.

Tsavsar further warned the owners not to reopen without court permission.

“If they go against the Court Order and unseal the premises by themselves, they have committed a criminal offence, and the court will order their arrest.

“They will be prosecuted in line with the Tax Laws, particularly Section 81 of Personal Income Tax Law and upon conviction they will be jailed for six months in addition to a fine,” he stated.

According to him, the FCT-IRS has plans to go after more businesses that are evading taxes.

Read: Israel’s Netanyahu Vows to ‘Stand Alone’ Amid US Arms Withhold

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

News

High Cost Of Living In Nigeria Forces Enugu, Jos Residents To Sacrifice Comfort And Security In Daily Life

The spiralling cost of living in Nigeria is reshaping the lives of...

FinanceNews

Axian Energy Secures Funding to Build Solar Plants With 60 MW Capacity in Kolda, Senegal

Two new solar power plants with a combined 60 MW capacity will...

NewsWorld

The FBI, CIA, DEA Just Delivered the Biggest Blow to Democracy in Africa

I just read the document detailing the United States’ multiagency defense of...

FinanceNews

Customs Hits N5.07 Trillion Revenue Target Following Forex Crisis and Higher Tariffs

The Nigeria Customs Service (NCS) announced on Tuesday that it has met...