The Lagos State Internal Revenue Service (LIRS), has urged corporate organisations in the state to update their operational addresses, or face prosecution.

The Head, Distrain Unit of LIRS, Mrs Ajibike Oshodi-Sholola, told the News Agency of Nigeria that the ultimatum stemmed from recent discoveries about companies with fake operational addresses in the state.

She identified false addresses as a major challenge encountered by LIRS operatives responsible for the sealing of organisations that failed to pay tax.

According to her, about 50 per cent of the addresses submitted by some organisations are non existent.

She said that LIRS projected revenue from most of the corporate concerns with fake addresses were lost annually and unaccounted for by the service.

The taxes of the companies that are not realised will invariably affect and reduce the government’s earnings from taxation, she said, adding that companies should not, because of fear of the amount the government may give them to pay, continue to give false addresses,” she said

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http://monitor9ja.com/2015/08/lagos-inland-revenue-board-moves-against-firms-with-false-addresses/