Oyo govt says churches, mosques with revenue-generating businesses will pay tax




Oyo State governor, Seyi Makinde

The Oyo state Internal Revenue Service has announced that churches and mosques with revenue-generating ventures and other businesses would pay taxes.

The executive chairman of the agency, John Adeleke stated this on Sunday in Ibadan.

Adeleke clarified that while churches and mosques are exempted from paying tax those with revenue-earning ventures and other businesses would pay taxes, levies and other fees as applicable.

The chairman of the agency added that Oyo state government is working on capturing other areas that had not been explored to generate more revenue instead of increasing taxes on business enterprises.

“A culture of an efficient and leak-proof collection in all areas of revenue would be put in place.

“Instead of tax increment, we are emphasising the efficient collection of existing revenue and we are bringing our informal sector into the tax net.

“The good performance of Gov. Makinde has also changed the attitude of the stakeholders toward tax payment as most of them are responding without any reminder.

“However, the economy is a big challenge for many companies as this has an implication on Pay As You Earn (PAYE) remittances.”

According to NAN, the chairman further explained that some taxpayers that were reluctant to respond are being served reminders after which thorough enforcement would follow.

He. however, assured the people that any step to be taken to enforce the tax drive would be legal.




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