Thursday, 22 June 2017

Bayelsa Board of Internal Revenue sealed off a Chinese company, Hilong Oil Services and Engineering Company Limited over alleged tax default of N109.5 million



    Bayelsa Board of Internal Revenue, BIR, sealed off a Chinese company, Hilong Oil Services and Engineering Company Limited over alleged tax default of N109.5 million.

   The enforcement team of BIR comprising armed policemen and personnel of the Nigeria Security and Civil Defence , NSCDC, sealed off the company’s premises located at Elebele, Ogbia Local Government Area of Bayelsa.
  Director of Compliance, BIR, Robert Lokoson, who led the enforcement team, said the state government authorized the operation in order to recover a tax debt of N109.5 million owed it by the company since 2013.
   Lokoson said the operation was in pursuant of Section 104 of the Personal Income Tax Law 2011, and an ex parte order granted by the High Court of Bayelsa State.
   According to him, after 14 days, if there is no response from the company, the board will go back to court and institute a case against them.

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