Oyo’ll not increase tax to improve IGR – BIR chair

Chairman of Oyo state Board of Internal Revenue (BIR), Aremo John Adeleke over the weekend said  that the Gov Seyi Makinde led administration will not increase tax on small and medium scale enterprises (SMEs) in its drive to increase its revenue base.

The Oyo state BIR chairman said this in Ibadan while   chating with journalists in his office on the activities of BIR in the last few months.

Aremo Adeleke pointed out that the present administration in Oyo state is committed to looking into areas that were not captured in the state’s tax net to improve internally generated revenue, saying, the plans of the present government in Oyo state ” is to build and nurture the growth of SMEs in the state and not to burden them with heavy tax that could drive them out of business.

“It is in line with the promise of Governor Seyi Makinde to empower small scale businesses in the state to propel growth in our economy. As he works assiduously to attract foreign and domestic investments to the State, he is also working to establish and sustain small and medium scale industries in Oyo state. So the idea of tax increment on businesses is not even to be discussed here,” he said.

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