Suggestions




Tax officials on enforcement drive visit Edo Govt, multinationals

August 28, 2021
by
rev house
rev house

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 Channel

Executive 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.

Website |  + posts

Prime Business Africa

Related Posts

51918
Previous Story

Propaganda of non-state actors

7032500f peter obi
Next Story

‘How Nigerian politicians trigger national crises’

Featured Stories

Related Posts

Latest from Finance & Economy

Abia State Commits to Co-Finance $200m Agro-Industrial Hub with AfDB

Abia State has reaffirmed its commitment to partner with the African Development Bank (AfDB) in establishing a Special Agro-Industrial Processing Zone (SAPZ), a transformative project aimed at turning agricultural production into value-added industries, Prime Business Africa reports. Governor Dr. Alex Otti, OFR,

Oyedele to Replace Uzoka-Anite as Finance State Minister

President Bola Ahmed Tinubu has nominated tax expert Taiwo Oyedele as minister of state for finance, replacing Doris Uzoka-Anite, in a cabinet reshuffle announced on Tuesday. Uzoka-Anite has been redeployed to the Ministry of Budget and National Planning as minister of state,

Petrol Prices Set to Rise After Dangote Price Increase

Fuel prices in Nigeria are expected to rise sharply after a hike in refinery rates, as Africa’s richest man Aliko Dangote outlined broader plans to expand into power, steel and infrastructure. The Dangote Petroleum Refinery has increased its gantry price for Premium
51918
Previous Story

Propaganda of non-state actors

7032500f peter obi
Next Story

‘How Nigerian politicians trigger national crises’

Don't Miss

PZ Cussons, UAC Among Losers List As Stock Market Capitalisation Settles At N66trn

Over 397.11 million shares, worth N8.74 billion, were traded in
FIFA) announced on Wednesday that the 2030 World Cup will be held across six countries in three continents as the world football governing body celebrates the centenary of the tournament.

FIFA Changes Match Officials For Nigeria’s World Cup Qualifier Against Benin Republic

FIFA, on Wednesday effected changes to the officiating team of