The Governor of Oyo State, Seyi Makinde has pleaded for the support of different stakeholders operating in the state on adequate deductions, prompt remittance of taxes and other levies.
He stated this during a one-day Sensitization Workshop on Computations, Deductions and Remittances for Federal and State Ministries, Departments and Agencies (MDAs), as well as Tertiary Institutions in the State, held at the House of Chiefs, Secretariat in Ibadan, the state’s capital.
According to him, this was necessary in order for him to be able to fulfill his promises on provision of social amenities, infrastructure, regular payment of government obligations and other amenities.
The Governor reiterated that the intention of the present administration was not to over-burden any business enterprise, but to ensure government got its fair share of all its eligible tax revenues.
“Presently, the fluctuations and other complex gyrations of the international oil market and the global economy means unstable and often lower revenue from federal allocation. The need to look inward to generate enough internal revenue to cater for the much societal demand has never been this much,” he explained.
He noted that the government would count on companies and other businesses to ensure they regularly deduct and remit their employees’ Pay As You Earn, PAYE, tax to the coffers of government’s treasury.
“This will ensure mutual reciprocation of rights and duties on the part of all parties. I regard such complying institutions, business and contractors as friends of my government and corporate citizens of this State of enduring opportunities,” the Governor added.
While welcoming the participants, Aremo Adeleke tasked professional bodies, tax professionals, consultants, taxpayers and agents to discharge their responsibilities as stipulated by the National Tax Policy of 2017.
He also urged all MDAs, Federal and State, as well as tertiary institutions to ensure they give patronage only to individuals and companies with a record of regular and up-to-date remittance of their employees’ PAYE.
The Head of the partnering firm, Mr Femi Adeniji, explained that the workshop was about sensitizing various agencies on their responsibility that pertained to tax and other dues, adding that participants would be taught the right ways of making deductions so as not to short-change the government.
The workshop had in attendance, officials of State and Federal Ministries, Directorates and Agencies (MDAs), private business sector representatives and other stakeholders.