In a bid to cushion the effects of Covid-19 pandemic on companies and businesses in the state, Oyo State government has reeled our tax relief measures for tax stakeholders in the state.
The state Commissioner for Finance, Mr Akinola Ojo disclosed this while briefing newsmen in Ibadan.
At a briefing tagged: Implementation of Tax Compliance Relief programme for Individual taxpayers in Oyo, Mr Ojo said the relief became imperative as Oyo State government could not fold its arms and allow the pandemic to take toll on the people without reprieve.
He hinted that the state having studied the effects of Covid-19 in the formal and informal sector has extended deadline for filing of annual returns for individual tax payers including self-employed persons from 1st April to August, 2020.
Mr Ojo added that waivers of penalties and interest for employers has also been granted in the primary sector of the economy for those who file returns on or before 31 August, 2020.
While speaking on the cut in the tax revenues due to Covid-19, the commissioner said the state targeted 6.2billion naira monthly to fulfill its responsibilities, maintaining that government was committed good governance to tax-paying individuals and businesses.
Mr Ojo implored taxpayers in the state to take the advantage of the tax reliefs and pay their taxes, levies, rates, fees and charges.
Some of the dignitaries at the event include Chairman, Oyo State Internal Revenue Service, IRS, Aremo John Adeleke, the Oyo State Accountant General, Alhaji Gafar Bello and representatives of various companies and businesses in Oyo State.
Iyabo Adebisi
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