Revenue service seals KAEDCO over N600 million unpaid tax
The Kaduna State Internal Revenue Service (KADIRS) has sealed the Kaduna Electricity Distribution Company (KAEDCO) over a N600 million tax liability.
Speaking to journalists after the exercise in the early hours of Friday, the executive chairman of KADIRS, Jerry Adams, said the operation was an execution of a court order to restrain KAEDCO over the liability due to the state.
Mr Adams explained that the N600 million tax liability was from 2015 to 2022, and when they did all the reconciliations with KAEDCO, the firm agreed to pay a substantial amount of the liability.
“Till this moment, since last year that the liability was established, KAEDCO has not met what it committed to do.
“We are backed by the law to seal and take over their premises in order to ensure compliance, and that is what we executed this morning,” Mr Adams said.
Mr Adams called on other businesses, individuals, corporate organisations and the public to ensure voluntary compliance with tax payments.
(NAN)
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