Non compliance of tax: Gombe Revenue Service threatens to shut down bank

Business

From David Goni, Gombe

 

The authority of Gombe state Internal Revenue Service has said that it may likely shut down the activities of Fidelity Bank if it refused to pay its tax.

 

Addressing journalists shortly after giving notice of non compliance to the bank, the Executive Director Tax Operations of the Revenue Service, Muhammad Musa said the board found it necessary to issue non compliance notice for the bank for failure to remit its tax to the board.

 

“After giving the bank series of notice to settle its debt, yet they failed to comply with us. We have no option than to seal the bank if they refused to pay their tax,” he said.

 

According to him, this notice given to them is sign of warning, adding: “if it persists, we would head to court and collect court order to enable us seal the bank properly.”

 

He said the bank was owing the state revenue service a tune of N200 million as tax, stating that they would not fold their hands and watch this happened.

 

Speaking further, the Executive Director, who did not hide his feelings, told reporters that they would do everything they could to ensure that the bank was sealed if it refused to settle its tax payment.

 

Our correspondent reports that the operation was carried in line with armed policemen, the media and other relevant bodies to ensure justice.

 

The board has earlier written to the bank to settle its outstanding tax otherwise decisive action would be taken against them.

Leave a Reply

Your email address will not be published. Required fields are marked *