Saipem Contracting, Two Officials- Michele Poggi, Giani Di Petro Allegedly Evaded $42 Million Tax

<h4>Saipem Contracting<&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that in a bid to recover alleged evaded tax of &dollar;42&comma;068&comma;874&period;35&comma; the Federal Government of Nigeria has renewed it&&num;8217&semi;s legal battle against an on and offshore construction giant&comma; Saipem Contracting Nigeria Limited&comma; and two of its officials namely Michele Poggi and Giani Di Petro&period;<&sol;p>&NewLine;<p>In a seven-count amended charge filed before a Federal High Court in Lagos by a team of nine lawyers led by Barrister Bolanle Oniyangi&comma; it was stated that &colon;<&sol;p>&NewLine;<p><em><strong>Saipem Contracting Nigeria Limited&comma; Michele Poggi&comma; Giani Di Petro&comma; sometime between 2010-2014 within the jurisdiction of the Court&comma; whilst carrying out taxable services in the course of doing business&comma; was obligated to pay companies income tax in the sum of &dollar;42&comma;068&comma;874&period;35 &lpar;forty two million&comma; sixty eight thousand&comma; eight hundred and seventy four dollars&comma; thirty five cents and did fail to pay the said taxes and thereby committed an offence contrary to and punishable under S&period;40 of the Federal Inland Revenue Service Establishment Act 2007 &lpar;as amended&period;&rpar;<&sol;strong><&sol;em><&sol;p>&NewLine;<p>It was also alleged that Saipem Contracting Nigeria Limited&comma; Michele Poggi And Giani Di Petro sometime between 2010 and 2014 within the jurisdiction of the Court&comma; whilst carrying out taxable services in the course of doing business&comma; failed to file accurate and complete Companies income tax returns in the prescribed form and manner for <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">2010&comma; 2011&comma; 2012&comma; 2013 and 2014<&sol;a> years of assessment in the sum of &dollar;42&comma;068&comma;874&period;35 &lpar;forty two million&comma; sixty eight thousand&comma; eight hundred and seventy four dollars&comma;thirty five cents&rpar; for the purpose of paying the relevant tax administered by the Service and in so doing&comma; committed an offence&comma; contrary to and punishable under S&period;55 of the Companies Income Tax Act &lpar;as amended&rpar;&period;<&sol;p>&NewLine;<p>Furthermore&comma; Saipem Contracting Nigeria Limited&comma;Michele Poggi&comma;Giani Di Petro sometime in 2010 and 2013&comma; whilst carrying out taxable services in the normal course of business of Saipem Nigeria Limited&comma; failed to issue tax invoices for services rendered within the years 2010&comma; 2011&comma; 2012 and 2013&comma; in the sum of &dollar;34&comma;656&comma;833 and in so doing committed an offence contrary to and punishable under Section 29 of the Value Added Tax Act of 1993 &lpar;as amended&rpar;&period;<&sol;p>&NewLine;<p>February 14&comma; 2025 has been fixed for the hearing of the case&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;