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Oyo opposes multiple taxation

By on July 30, 2014

The Chairman, Oyo State Board of Internal Revenue, Mr. Isiaka Zakariyau, has said the state’s tax policy does not encourage multiple taxation and expressed the government’s willingness to always protect private investors’ initiatives by supporting and cooperating with them in the quest to promote economic development.

While speaking at an interactive session in Ibadan between officials of the state government and the Organised Private Sector aimed at boosting mutual relationship for the overall interest of the state, Zakariyau said the government was aware of the various challenges facing the investors, but called on them to collaborate with the government in order to proffer solutions to the identified problems.

He said, “Government policies on revenue generation are ones that are supported by national laws that are not controversial. Areas of controversy such as multiple taxes are alien to us in the state because of the experience of Governor Abiola Ajimobi in the private sector.

“We deliberately avoid issues and areas that can result in duplicity of taxes on the business operators because we know they are our partners in progress and that is how we want them to be.”

The Special Adviser to the Governor on Investment Promotion and Public Partnership, Mrs. Folakemi Akinleye, who was the chairman at the event, explained that the state government decided to bring together the stakeholders so as to identify the challenges their businesses face and jointly find ways of surmounting them.

She said, “We acknowledge that the government cannot build the economy alone, and so, we will need the support of the organised private sector to know how to make the business environment more conducive and convenient for operators in the overall

 

 

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