Oyo Gov’t To Start Collection Of N10 Daily Tax From Market Traders
The Oyo State Board of Internal Revenue (OYBIR) has said it will soon begin the collection of N10 daily tax from traders and various operators in the informal sector.
The amount, which builds up to N3,000 annual tax, is to be collected by trained officials of the agency with the use of Point of Sales (POS) machines.
At a sensitisation and tax collection parley in various markets yesterday, top officials of the OYBIR, led by its Chairman, Mr. Bicci Alli, demonstrated to market leaders how to pay their tax with ease.
In the new payment mode, market leaders will pay their tax to authorised tax collectors in the presence of the traders and market leaders.
During the tour, market leaders received the tax officials with delight and assured them of their readiness to comply with the government directive since the money is affordable.
The market toured include the popular Ago-Ilorin Market in Mokola, Ibadan, where the Iyaloja, Mrs Feyisara Bayo-Azeez, and other market leaders received the revenue collectors and paid her dues to show her compliance.