Economy

Oyo Revenue Board Seals 6 Hotels, 4 Banks, Others, Over Tax Default

Oyo State government has sealed six hotels, four commercial banks, three filling stations and seven companies for defaulting from paying the state’s land use required charges.

Speaking with newsmen after the exercise, the Chairman of the state Board of Internal Revenue, Aremo John Adeleke said the step was necessary to make business owners alive to their responsibilities to enable government provide security, infrastructure and other essentials necessary to make businesses thrive. 

Aremo Adeleke said the state government has given, as palliative, an additional 10% discount to complement the initial 25% discount on all taxes to ensure that the businesses stay afloat in the face of economic realities posed by the COVID-19 scourge.

He added that the government was poised to generate all taxes from business owners without any inimical effect on their ventures to sustain economic growth in the state reiterating that the enforcement would continue till the end of the year.

The chairman, Oyo State Board of Internal Revenue, therefore, appealed to them to pay all taxes, levies and bills to government as there would not be economic growth when all taxpayers were not thriving in their businesses.

Iyabo Adebisi

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