The Kaduna State Internal Revenue Service (KADIRS), on Monday, sealed the offices of four banks over N300.5 million unpaid taxes.
The Executive Chairman of KADIRS, Dr Zaid Abubakar, identified the affected banks as First Bank, Guaranty Trust Bank (GTB), Sterling Bank and another.
Abubakar announced that the amount represents arrears of taxes payable on masts, towers, and Very Small Aperture Terminals (VSAT) from 1999 to 2020.
He gave the breakdown of the tax liability of First Bank as N132.6 million; GTB N23.5 million, and Sterling Bank N60.3 million.
“For example, we have sent six notices to First Bank, four each to GTB, and Sterling Bank.
“KADIRS is left with no choice than to seal up the banks’ branches.
“There is, however, a positive response from the affected banks. They have made part payment and signed commitments to settle the outstanding,’’ Abubakar said.
The executive chairman appealed to all business owners in the state to comply with relevant tax laws and pay all taxes due to the state to avoid being shut.
