Economy
For its indebtedness of more than N4 million, the state revenue task force orders the closure Uru Industries Limited
THE Anambra State Revenue Enforcement Team has sealed Uru Industries Ltd., a subsidiary of OTC Group, for owing the state about N4.7 million in tax.
Uru Company which is situated at Nnewi, Anambra State is known for producing motorcycle spare parts, Hi-Tech Agro chemicals and other home and kitchen appliances.
When the enforcement team stormed the company, it was observed that they had been deducting taxes from their staff but failing remit same into state government coffers.
David Onyilofor, the leader of the team, said the team was visiting some companies that had been reminded to clear their outstanding debts.
Onyilofor who is also the Head, Legal and Enforcement Department in the agency also regretted that some companies had been frustrating the efforts of the agency from auditing their financial activities, thereby suspecting fraud.
He noted that the agency had earlier issued demand notice to the company which was never objected before they went to court to obtain an order to restrain their goods.
“The essence of the enforcement is for them to remit taxes to the state government, not for punitive purposes.
“It’s not that some companies have not been paying, but they will deduct from workers without remitting.
“Some deduct, but under remit, while others don’t deduct at all,’’ Onyiliofor said.
He explained that they were auditing for 2011 to 2016 and next year, they will audit for 2018.
He, however, urged every company and individual to remit their taxes to Anambra State coffers, or they face the wrath of the law.
BE
– Dec. 12, 2018 @ 16:35 GMT |
Tags: Anambra revenue agency seals company over tax evasion
