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Lagos shuts 16 firms over unpaid taxes

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Sixteen corporate organisations and hospitality firms in Lagos have come under the hammer of the state internal revenue service over unpaid consumption taxes between 2013 and 2020.
The LIRS said the firmed were shut on Monday during the state-wide tax enforcement.
It said the firms sealed are restaurants, hotels and guest houses.
The affected firms are Café Trance, Maple Cottage, Imperial Chinese Cuisine, New World Inn, Inspiro Galaria, Grace Garden Event, Cristabol Place, Queens Park Event Centre, Axor Suites and Blue Moon Hotel, according to News Agency of Nigeria.
Others are Citi View Hotel, Kamal’s Crib, 7th Heaven and Infinity Platinum Bar and Restaurant.
In March 2021, the LIRS had issued a public notice to clarify definitions of terms hotels, event centres and restaurants in Section 17 of the Hotel Occupancy & Restaurant Consumption (HORC) Law 2009 and the compliance obligations of their owners for consumption tax.
In the same month, it announced March 31 as a deadline for taxpayers in Lagos to clear outstanding tax owed to the state government.
The deadline was extended to April 14 in response to taxpayers’ appeals and as a measure to mitigate the COVID-19 pandemic impact.
The LIRS legal services director, Seyi Alade, said the state tax agency had resolved to wield the stick on defaulters who insist on short-changing the state government, adding that the 16 firms failed to meet up with the March 31 deadline.
“Now, the service has resumed sealing of firms, particularly the hospitality firms; it is committed to continue the exercise until full compliance to tax payment and remittance are achieved,” he said.
“Before LIRS embarks on sealing, it must send two letters to the management of the affected firm, reminding it of tax liabilities.
“Both the demand notice and letter of intention to distrain were sent to the management of the hospitality firms, but they failed to act.
Alade said the LIRS is deploying an aggressive approach to ensure that all taxes are collected to help the state carry out its developmental projects.
He added that the agency was profiling both individuals and corporate entities daily to get more people into the tax net and asked companies to comply by remitting up-to-date tax payments.

Auto

Kia gets 30,000 pre-orders for battery-powered EV6 sedan

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Kia Motor Corporation, South Korea’s second-biggest carmaker, has launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year.
Already, the automaker says it has received over 30,000 pre-orders for the EV6 in the domestic market, and a combined 8,800 pre-orders in Europe and the United States, according to a report by Just Autos.
The maker of the K5 sedan and the Sorento SUV aim to sell 13,000 units of the zero-emission model on its home turf and 17,000 units in overseas markets this year.
The EV6 is Kia’s first model embedded with Hyundai Motor Group’s own EV-only electric-global modular platform (E-GMP).

The EV6 is priced at 47 million won-57 million won (US$40,800-$49,500) in Korea. With government subsidies, it can be purchased for under 40 million won.
The model is available with two kinds of battery packs — a standard 58-kilowatt-hour (kWh) battery pack and a long-range 77.4-kWh one. The 58-kWh and 77.4-kWh models can travel up to 370 kilometres and 475 km, respectively, on a single charge.
Kia also plans to introduce sedans, SUVs and multipurpose vehicles based on the new EV platform for the next seven years.
It plans to beef up its EV lineup with 11 models, including the seven E-GMP-based ones, by 2025.
With its strengthened EV lineup, it aims to achieve a 6.6 percent share of the global battery-powered EV market by 2025 and global annual sales of 500,000 units by 2026.
Kia’s current EV market share is not available as its EV sales accounted for only 1 percent of its overall sales in 2019.
In April, Kia’s bigger affiliate Hyundai Motor Co. launched the IONIQ 5 all-electric model equipped with the E-GMP platform.
Hyundai plans to introduce the IONIQ 6 next year and the IONIQ 7 large SUV in 2024. It will begin using alphanumeric names like its bigger rivals, such as BMW, whose models are named Series No. 1-8.

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Auto

GAC, Huawei plan smart electric SUV

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China-based auto firm, GAC Motors has sealed a deal with high-tech giant, Huawei, to produce a smart electric sport utility vehicle.
The GAC Group said its first joint project with Huawei would be a “smart SUV” with mass production targeted by the end of 2023.
GAC Motor aims to produce an entirely electrified lineup of vehicles by 2025.
GAC and Huawei said they planned to produce eight models together.
The medium to large size, pure electric SUV would have Level four autonomous driving capabilities, it added.
“GAC Group embraces and encourages extensive technological innovation in its vehicles, and Huawei is a global leader in many types of technology. This strategic cooperation will allow them to build a new generation of intelligent vehicles and digital platforms,” the pair said in a joint statement.
They also said, “This SUV and multiple other future models will utilise GAC’s GEP.30 chassis platform and Huawei’s computing and communication architecture as well as carrying Huawei’s full stack of intelligent vehicle solutions.”
Since signing a strategic cooperation agreement in 2017, GAC and Huawei have worked together on intelligent connected electric vehicle technology.
In September 2020 in Guangzhou, the two firms signed an agreement to further deepen cooperation, with a focus on computing and communication architecture in accordance with the trend in ‘software-heavy’ vehicles.

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Aviation

Enugu governor to meet with aircraft inventor today

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Governor Ifeanyi Ugwuanyi of Enugu State has invited to a meeting today a young inventor, Master Emmanuel Maduabuchi Chukwu, an indigene of the state and student of Government Technical College (GTC), Nsukka, who manufactured a hand-made aircraft.
A statement by the state Commissioner for Information, Nnanyelugo Chidi Aroh, said the governor’s decision to meet with the young aircraft inventor was “in pursuit of his administration’s commitment to encouraging scientific and technological innovation in Enugu State”.
He said parents of the student, the principal of the GTC, Nsukka, the Commissioner for Education, and the Chairman of the Science, Technical and Vocational Education Management Board were among other invited guests for the meeting at the Executive Council Chambers.
Aroh also said the governor would today at the Government House, Enugu, by 2pm, swear in all the 68 Development Centre Administrators whose nominations were recently confirmed by the Enugu State House of Assembly.
Those invited for the swearing-in ceremony, according to the statement, are the 68 administrators of the development centres; the speaker and members of Enugu State House of Assembly; members of the State Executive Council; chairmen of the 17 local government areas; and special advisers to the governor.
Others are chairman and members of the state working committee of the Peoples Democratic Party (PDP); Chairmen of PDP in the 17 local government areas; state chairman of the Traditional Rulers’ Council and local government chairmen of the Traditional Rulers’ Council.

 

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