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Integrated Logistics Services (Intels), the services company owned by former Vice-President Atiku Abubakar may have another battle to face with the Federal Inland Revenue Service (FIRS) over non-compliance on tax related matter.
This is coming few days after the Nigerian Port Authority set to terminate contract with the logistics company.
The interpretation given to the non-compliance sticker pasted at the Onne headquarters of the company by the tax collection agency implies that the company has not been complying with the company’s tax obligations – value-added tax Act Cap VI, and companies income tax, CIT Cap C21, laws of the Federation of Nigeria, 2014 and other tax laws, as an FIRS official affirmed to Nairametrics but refused to state the exact amount Intels owes in taxes.
Although the agency had said the sticker did not mean that the company was shut for business.
“FIRS did not carry out any enforcement on Intels. Our team only pasted a non-compliance sticker on the premises of the company… the non-compliance stickers are routine. We did not seal nor close the company. Intels is free to carry out its operations. It is not a distrain sticker.”
This is coming few days after the Nigerian Port Authority set to terminate contract with the logistics company.
The interpretation given to the non-compliance sticker pasted at the Onne headquarters of the company by the tax collection agency implies that the company has not been complying with the company’s tax obligations – value-added tax Act Cap VI, and companies income tax, CIT Cap C21, laws of the Federation of Nigeria, 2014 and other tax laws, as an FIRS official affirmed to Nairametrics but refused to state the exact amount Intels owes in taxes.
Although the agency had said the sticker did not mean that the company was shut for business.
“FIRS did not carry out any enforcement on Intels. Our team only pasted a non-compliance sticker on the premises of the company… the non-compliance stickers are routine. We did not seal nor close the company. Intels is free to carry out its operations. It is not a distrain sticker.”
