FCT IRS shuts Cilantro Phase3 Telecoms others Blueprint Newspapers Limited

The two businesses are a restaurant and a bar. The FCT-IRS has been cracking down on unlicensed businesses in the territory, and this latest move is part of their efforts to ensure compliance with tax laws. The FCT-IRS has been working closely with the FCT Minister, Bello Matawalle, to identify and seal unlicensed businesses in the territory. The FCT-IRS has also been working with other government agencies to ensure that all businesses in the territory are licensed and paying their taxes.

The FCT-IRS has sealed the premises of two businesses in Abuja.

The businesses are a restaurant and a bar.

The FCT-IRS has been cracking down on unlicensed businesses in the territory.

The FCT-IRS has been working closely with the FCT Minister, Bello Matawalle.The Impact of Unlicensed Businesses

Unlicensed businesses can have a significant impact on the economy and the community.

The Situation

The situation is dire, with many taxpayers refusing to comply with tax laws and regulations. This has resulted in a significant backlog of unpaid taxes, which is causing financial strain on the government and the economy as a whole.

*Loss of revenue*: The government is losing a significant amount of revenue due to unpaid taxes, which is affecting its ability to fund public services and infrastructure projects.

*Economic instability*: The unpaid taxes are also affecting the economy, as businesses are not paying their taxes, which is reducing their ability to invest and hire new employees.

*Increased burden on taxpayers*: The unpaid taxes are also placing an increased burden on other taxpayers, who are being forced to pay more taxes to make up for the shortfall.The Role of Tsavsar

Tsavsar, the head of the tax authority, has emphasized that business owners were legally prohibited from unsealing their premises.

Phase 3 Telecom’s Tax Woes

Phase 3 Telecom, a Nigerian telecommunications company, is facing a significant financial burden due to unpaid taxes.