The tax enforcement unit of the State Internal Revenue Service, has sealed off O.T.C. Group, a subsidiary of Uru Industries Limited, Nnewi, over an alleged four point five million Naira outstanding tax debt between 2011 and 2016.
The enforcement team was led by the Head of Legal and Enforcement, Unit of the Agency, Mr David Onyiliofor, who said that the team swung into action after exhausting necessary legal steps which included obtaining and serving the firm a demand notice, which it failed to honour within thirty days stipulated by the court.
Mr Onyiliofor a lawyer, added that though the company must have remitted tax deposits to the government coffers, there might be some irregularities relating to under-remittance, deduction and non-remittance or total non-remittance.
He maintained that the Agency is leaving no stone unturned in its efforts to ensure that every firm in the State, comply totally with tax remittance rules.