FIRS seals Kabo Airlines, others over N200m tax liabilities

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The Federal Inland Revenue Services (FIRS), on Monday, sealed the offices of Kabo Airlines, Monaco Ventures Limited and Paki International Motors, all in Kano, over tax liabilities.
Kabo Airlines owes N149,707,949.03 from an assessment of 2004 to 2013. According to the Head of the enforcement team in Kano, Mr. Bukar Gana, the airline’s liabilities comprise Income Tax (IT) and Education Tax (ET).

He explained that the company did not contest the liabilities, an action which led to the sealing of its premises on Ashton Road, Kano State.

Also sealed up was Paki International Motors, which owes Company Income Tax (CIT) totalling N51,148,117.57, accumulated between 2008 and 2014.

The enforcement similarly sealed Prince Hotel (Sojuna Hotel) over N8,359,680.76 liability from 2014 to 2016. In its defence, the hotel management pleaded that the default was as a result of non-disclosure of the liability by the company’s tax auditor.

It promised to pay 50 per cent of the liability immediately and the remaining in April.

Source – The Sun

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