Revenue Service Seals Hotels Hospital Over N22m Tax Liabilities. The Kaduna State Internal Revenue Service has sealed three hotels and a hospital over N22.2 million tax liabilities.
According to the service, the affected facilities which are located in the state capital were owing the Kaduna government between N12million, N2.8 million; N347,000 and N7million tax respectively.
Legal Adviser of the Kaduna Internal Revenue service, Aisha Mohammed, who is also the leader of the enforcement team explained that the service had obtained court orders to seal the hotels and hospital for defaulting despite several notifications.
Adding that the businesses will remain sealed until they settle their outstanding debts.
She explained that the action is in line with the provisions of Section 104 (3) and (4) of the Personal Income Tax (Amendment) Act, 2011 and Section 37 (3) and (4) of Kaduna State Tax Codification and Consolidation Law, 2020, as amended.
According to her, the tax liabilities are based on assessment from 2012 to 2018, and the Service has served them notice several times but they refused to oblige.
The Legal Adviser, however, admonished other business operators in the state to settle their outstanding tax liabilities or be ready to face the same treatment.
Read Also>>> Nigeria’s $26.5 Billion Maintenance Cost Enough To Build Three New Refineries
The whopping sum of $26.5b, which the Federal Government has so far spent on the maintenance of its loss-making 445, 000 barrels/day capacity refineries, is capable of building three new refineries of the same size going by the cost analysis of refinery projects across the world.
Besides, the latest approval granted by President Muhammadu Buhari, who is also the Minister of Petroleum Resources for the rehabilitation of the 210, 000 barrels per day Port Harcourt Refinery is higher than the total capital allocation to the health sector by successive governments from 2009 to 2018.
The Federal Executive Council (FEC), presided over by Buhari, approved the sum of $1.5b (about N575b), for immediate commencement of rehabilitation works on the largest refining company in the country, the 32-year-old Port Harcourt Refinery.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, explained thereafter that contract for the rehabilitation was awarded to Italian firm, Tecnimont SPA, and would be executed in three phases.
The first phase is expected to be completed within 28 months, Sylva said, adding that the second and third phases would be completed in 24 and 44 months respectively.
Nigeria has three refineries located in Kaduna, Port Harcourt and Warri. These assets’ installed capacity of 445, 000 bpd plummeted over the years until the facility got obsolete and currently processes zero crude, while recording massive losses.