TAX DEFAULTERS IN OYO STATE TO BE FINED AND JAILED

TAX DEFAULTERS IN OYO STATE TO BE FINED AND JAILED

The Special Adviser to the Governor, Board of Internal Revenue, Mr Biyi Oloko, has made it known that the  Board of Internal Revenue Service in Oyo State has inaugurated a team to comb the 33 local government areas of the state for the enforcement of tax payments. Mr Oloko stated this in Ibadan on Thursday, the 11th of August 2016, at a press conference heralding the tax generation drive of the board. The Special Adviser also urged that for growth in education, health and other social services to be sustained, the citizens of the state have to support the government’s revenue generation drive through payment of their taxes and levies.

He declared that beginning from Wednesday August 17, 2016, that the state would embark on aggressive enforcement of payment of taxes, fines and levies, warning that defaulters risk prosecution with penalties of  jail terms, fines or both

The statement from the Special Adviser reads , “The state government through the Internal Revenue Service, has put all the necessary machineries in place to ensure the enforcement of the tax laws and wishes to advise all tax defaulters to comply forthwith.

“All eligible tax payers should ensure immediate payment of all outstanding taxes, fines and levies; because the full weight of the law will be brought to bear on taxable persons who fail to comply.

“Without payment of dues, all the things that will facilitate the progress, advancement and development of Oyo State will not be realized. By this, I mean good roads to ensure access to business sites; provision of security, education and healthcare, and other things that will make the lives of the people of Oyo State better.  The board has collated the data on tax defaulters and will move against them without further notification anytime from August 17.”

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Listed among taxes due for collection were Pay As You Earn (PAYE), direct taxation, withholding tax for individuals, capital gains tax for individuals, stamp duties on instruments executed by individuals, road tax and business premises registration. Others are development levy for individuals, right of occupancy fees on lands owned by state government and land use charges.

Oloko further revealed, that the office of the state’s attorney-general and commissioner for justice will commence prosecution of tax defaulters in the state through a Rapid Tax Prosecution Process, without further notice commencing from next Wednesday (the 17th).

“The state has set up a joint enforcement team in the 33 local government areas of the state, which would harmonize the state and LG tax laws. The BIR has also embarked on extensive advocacy and enlightenment programmes to engage and educate stakeholders on the essence of paying their taxes.”

Similarly, he said that citizens are being sensitized on the possibility of paying their dues through the adopted Point of Sales electronic platform (POS) at all revenue points and designated revenue accounts at any of the collecting banks, to forestall leakages in revenue collection.

“Furthermore, the government urges all tax payers not to make cash payment to any individual, but to pay directly into the designated revenue accounts in any of the collecting banks. It is important to note that all tax will be liable to payment of fine or imprisonment if found guilty upon prosecution.”

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