The Governor of Oyo State, Senator Abiola Ajimobi, and members of the state executive council have up till July 15 to pay property tax on their private buildings, as the state kick-starts aggressive revenue generation to shore up its dwindling Internally Generated Revenue.
The Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun, who stated this at a press conference in Ibadan, on Wednesday, emphasized that the evaluation and collection of property tax would begin from the private residence of the governor.
He said the government had commenced the process for an aggressive revenue drive that would witness the collection of land use charge, revenue and taxes on properties and businesses located within the state,
Also at the briefing were the Special Adviser to the Governor on Internal Revenue, Mr. Biyi Oloko; a Consultant on internal revenue generation, Mr. Bicci Alli; and the Permanent Secretary in the Ministry of information, Dr Bashir Olanrewaju.
The commissioner assured residents that the ministry would embark on door-to-door advocacy and enlightenment campaign to sensitize members of the public about the new tax and payment regime before hitting the roads.
Arulogun said: “The State Executive Council resolved during today’s (Wednesday) meeting that due to the dwindling allocation to the state from the Federation Account, the government of Oyo State would embark upon a more aggressive revenue drive.
“Members of the state executive council and other political functionaries have agreed that all dues and taxes derivable from their salaries would henceforth be drawn from source, starting from July this year.
“Government has decided that properties located within the state must be taxed and it will start with the personal house of the governor. Members of the state exco have been given up to July 15 to comply with the payment. We want to set god example for others.”
He added that any member of the state executive council whose tax had not been paid up to date would have such money deducted from source before other members of the public were dragged into the tax net.
In his contribution, Oloko said all self-employed individuals in the state would be dragged into Personal Income Tax net, stressing that all residents in the state would be expected to have completed payment of their Personal Income tax by the end of March every year.
He said: “There would be re-certification programme of landed properties across the state called Land Use Charge to boost the state’s financial base and while doing this, people should be assured of smooth payment as Point of Service (POS) machines are already in all our offices for easy payment.
“We are using these methods to guard against leakages and it would engender electronic payment system that makes cashless transaction easier.”
He explained that all property in the state had been enumerated and payment of taxes would be enforced through the issuance of Certificate of Occupancy, adding that tax offices had been opened across the 33 local government councils in the state.
Alli said all withholding taxes, rates and levies relating to business transaction must be promptly paid into government coffers.
The consultant explained that the Board had made taxes and allied payments easier for the people as individuals that were self employed would have their taxes statutorily deducted and paid to the government while withholding tax on contracts and levies on businesses would be paid as at when due.