Edo tasks multinational firms, agencies on tax compliance

The Edo State Internal Revenue Service has advised multinational companies, federal and state government agencies to comply with the state’s tax laws to avoid sanctions.

According to a statement on Thursday by the EIRS Head of Corporate Communication, Mr Eboigbe Courage, the advice came from the Executive Director, Income Tax, Felix Isuku.

Isuku reportedly made the call when he visited the Nigerian Petroleum Development Company Liquefied Petroleum Gas Terminal in Ologbo and the Nigerian Bottling Company in the state.

“The visit was to ensure that both organisations and others operating in Edo are in compliance with tax laws, as they are legally bound to do so. Just as there are rewards for compliance, there are also sanctions,” Isuku stated.

He also urged the organisations to register with the EIRS, deduct and remit Pay-As-You-Earn, withholding taxes as well as pay haulage fees.

The NBC Plant Manager, Irene Okpode, was quoted as saying that the companies would maintain a smooth working relationship with the service while also sustaining compliance with the state’s tax laws.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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