Prime Business Africa
Edo State Internal Revenue Service (EIRS) has called on Government institutions and multinational companies in Edo State have been urged to comply with tax laws and avoid sanctions.
The state’s internal revenue service (EIRS) gave the charge during the visit of its compliance team to the Nigerian Petroleum Development Company (NPDC), Liquified Petroleum Gas (LPG) Terminal in Ologbo and the Nigerian Bottling Company (NBC).
Join our WhatsApp ChannelExecutive Director of the EIRS on Income Tax, Prince Felix Isuku, said the visit was to ensure that both organisations, and others operating in Edo State, complied with tax laws, “as they are legally bound to do so.”
He warned that “just as there are rewards for compliance, there are also sanctions.”
Isuku reiterated the need for organisations to ensure they register with the EIRS, deduct and remit Pay-As-You-Earn (PAYE), withholding taxes, pay haulage fees, carry out business premises registration and renewal fees, as well as ensure verification of tax clearance certificates.
Isuku stressed the need for organisations and multinationals to play their part in actualising the plans of making Edo great again.
Plant Manager of the NBC, Irene Okpode, expressed appreciation to the EIRS team for the visit, promising a smooth working relationship with the Service and to sustain compliance with the tax laws.
Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
