Consumption Tax: EIRS seals over 20 firms
Determined to effectively generate revenue for Edo State government to meet its developmental programmes, the State Internal Revenue Service (EIRS) has sealed up over 20 firm in the hospitality industry over non-remittances of consumption taxes collected on behalf of state government.
Speaking with reporters in Benin City, the Director, Tax Intelligence and Enforcement Department of EIRS, Mr. Victor Okube, said over 70 establishments in the hospitality industry have been identified for enforcement having failed to comply with the Hotels and Event Centres Occupancy and Restaurants Consumption Law of Edo State otherwise known as Consumption Tax.
He said: “The affected establishments sealed up included Royal Kada Fried, De Mariot Hotel Ltd, Meridian Lodge, Koso International Hotel, Anna Vinni Bar & Restaurant, Indigo Lounge, Dema Suit and Hotel, Aso Phil Carwash & Bar, Hotel De Eto, Tomline Royal Centre amongst others.”
Okube said the enforcement exercise which is a routine is to ensure that operators in the hospitality industry comply with the tax law which became operational in 2011 in Edo State.
Mr. Okube emphasised that the cashless collection and payment policy is still in force.
He equally advised all collecting agents of sealed establishments to remit all collected consumption taxes into the designated Internally Generated Revenue (IGR) bank accounts or make payments via Point of Sales (PoS) machine with the use of Automated Teller Machine (ATM) card after which they must obtain government treasury receipts upon presentation of bank tellers for payments made.
(NAN)
Speaking with reporters in Benin City, the Director, Tax Intelligence and Enforcement Department of EIRS, Mr. Victor Okube, said over 70 establishments in the hospitality industry have been identified for enforcement having failed to comply with the Hotels and Event Centres Occupancy and Restaurants Consumption Law of Edo State otherwise known as Consumption Tax.
He said: “The affected establishments sealed up included Royal Kada Fried, De Mariot Hotel Ltd, Meridian Lodge, Koso International Hotel, Anna Vinni Bar & Restaurant, Indigo Lounge, Dema Suit and Hotel, Aso Phil Carwash & Bar, Hotel De Eto, Tomline Royal Centre amongst others.”
Okube said the enforcement exercise which is a routine is to ensure that operators in the hospitality industry comply with the tax law which became operational in 2011 in Edo State.
Mr. Okube emphasised that the cashless collection and payment policy is still in force.
He equally advised all collecting agents of sealed establishments to remit all collected consumption taxes into the designated Internally Generated Revenue (IGR) bank accounts or make payments via Point of Sales (PoS) machine with the use of Automated Teller Machine (ATM) card after which they must obtain government treasury receipts upon presentation of bank tellers for payments made.
(NAN)
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