Kaduna Govt Seals Fidelity Bank Branches Over N43.3 Million Tax Debt

0

The Kaduna State Internal Revenue Service (KADIRS) on Thursday sealed four branches of Fidelity Bank Plc. over N43.3 million tax liabilities.

KADIRS, Legal Adviser and Board Secretary, Ms. Aisha Mohammed, who disclosed this in a press briefing with Journalists said that the branches were closed for allegedly refusing to settle outstanding tax returns of N43.3 million owed for the period 2011 to 2020.

The branches are located at Ali Akilu Road, Ahmadu Bello Way, Polytechnic Road by Maimuna Gwarzo Junction, and Kachia Road, all in the Kaduna metropolis.

Mohammed said, “Therefore, to claim all tax due to the state, we approached the court and obtained a court order to seal the branches.

Stanbic IBTC Pension Managers

“This is provided for in Section 104 (3) and (4) of the Personal Income Tax (Amendment) Act. 2011 and Section 37 (3) and (4) of Kaduna State Tax Codification and Consolidation Law, 2020 as amended.”

She added that management of the bank was served with notices of the tax assessment five times, but the state was yet to get a response.

Stanbic IBTC Pension Managers

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.