Oyo Govt. Enforces Tax Clearance Certificate as Precondition for Business Transactions By MDAs
In its bid to ensure seamless revenue generation, the Oyo State Government has mandated all Ministries, Departments, Agencies, Parastatals, Local Government Councils, Institutions of the Government, or any government officials to henceforth not recognize, accept, or use a Trade/Professional License for official purpose without a valid Tax Clearance Certificate of the holder of such Trade/Professional License.
The Executive Chairman, Oyo State Internal Revenue Service (OYIRS), Mr. Adebowale Olufemi Awakan, disclosed this in a meeting with all the revenue-generating MDAs of the government. He noted that there has been a continuous violation of the provision of Section 85 of The Personal Income Tax Act, Cap P8 LFN 2004, (as amended), and Section 40(5)(a) of the Revenue Administration Law of Oyo State, 2015, (as amended), and the consequential loss of revenue to the government.
Mr. Awakan commended the effort of the State Governor, Engr. Seyi Makinde has not relented in fulfilling his promises to the people of the State despite the economic situation of the Country but is willing to do even more as much as the people are ready to cooperate with him by performing their civic duties of regular and prompt payment of their taxes to the government.
According to him, the continuous violation of the revenue laws and the consequential loss of revenue is what necessitated the meeting with all the revenue-generating MDAs of the government, consequently the compulsory enforcement of the use of a valid Tax Clearance Certificate by them in their subsequent dealings with Financial Institutions, Business Owners, Professional Bodies, e.t.c. He added that a publication was made in “The Punch” Newspaper on Tuesday 28th of November, 2023, to inform the public of this development.
The Chairman, therefore, called for maximum cooperation of all the MDAs as the Board leverages the services being rendered by them to the public to generate income for the Government.
He concluded that the Board must monitor and coordinate the revenue generation of all MDAs. He added that tax payment has now been made easy and everyone can do it on their phone by downloading “Revenue Mobile” on Play Store powered by ICMA and following the steps. Also, they can pay via the websites @payment.oyostatebir.com and selfservice.oyostatebir.com
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