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Lagos State Government Hits Iyabo Ojo With N18.6 Million Tax Bill

Nigerian actress, Iyabo Ojo receives an N18.6 million tax bill from Lagos State Government. She was given a seven-day ultimatum to clear the tax debt.

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Lagos State Government Hits Iyabo Ojo With N18.6 Million Tax Bill

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Nigerian actress, Iyabo Ojo receives an N18.6 million tax bill from Lagos State Government. She was given a seven-day ultimatum to clear the tax debt.

Iyabo Ojo
Iyabo Ojo

Lagos, Nigeria — The Lagos State Government has served Nollywood actress, Iyabo Ojo, a hefty tax bill of N18,640,092.00, due as personal income tax.

According to a document obtained by mandynews.com, she was given a seven-day ultimatum to fulfill her tax obligations.

The document dated May 22, 2023, from Lagos State Internal Revenue Service (LIRS) stated that Ms. Ojo owes a tax liability of N7,376,000.00 for the income year 2022 and has an outstanding liability of N11,264,092.00 for the 2021 income year.

The letter reads:

“PERSONAL INCOME TAX MATTERS ASSESSMENT NOTICE FOR INCOME YEAR (2022) We refer to the Declaration of Income and Claims for Reliefs and Allowances (Filing of Returns) filed on our Etax.lirs.net platform for income year 2022. Based on review of your returns and in line with Section 54 of the Personal Income Tax Act, you are hereby assessed to tax liability in the sum of N7,376,000.00 as contained in the enclosed assessment notice. Consequently, you have an outstanding liability of N11,264,092.00 for 2021 income year. You are enjoined to pay a total sum of N18,640,092.00 to government coffers through any of the designated banks within seven (7) days of receipt of this letter.”

In response to the notice, Iyabo Ojo, popular for her roles in Nollywood movies, has yet to publicly comment on the matter.

LIRS also stated in the letter that failure to comply with the directives would lead to imposing penalties and interests as provided in Sections 76 & 77 of the referenced Act. The document further pointed out that false declaration is a punishable offense under Section 96 of the Act.

These developments underscore the government’s dedication to improving tax compliance within the state, especially among high-income earners.

To stay updated with celebrity news and other trending topics in Nigeria, stay tuned to mandynews.com.

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Source: MandyNews.com

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