Over an outstanding Pay As You Earn (PAYE) tax liability for 2014, the Kaduna State Internal Revenue Service on Friday obtained a court warrant to seal the premises of Union Bank Plc in Kaduna over non remittance of N19.3 million.
The revenue service had on February 8 dragged the bank before Justice Gideon Kurada of a Kaduna High Court for the non remittance of tax liability to the tune of N19.3 million.
The counsel to the revenue service, Francis Kozah, told the court that the service conducted PAYE tax audit on the bank for 2014.
Mr. Kozah said that following the audit, the service issued a demand notice for the outstanding PAYE tax in November 2015, and demanded payment within seven working days.
He added that after exhausting all avenues of administrative redress, his client issued Union Bank a notice of intention to seal the premises as required by Section 104 of the Personal Income Tax Act as amended, 2011.
In his ruling, Justice Kurada said that upon the facts presented by the applicant, there was merit in the application and it was granted.
“The applicant is hereby granted a warrant to seal the premises of Union Bank Plc in Kaduna for not settling outstanding PAYE tax liability.”
