Churches and Mosques that generate revenue from other sources such as business ventures will begin to pay tax in Oyo state.
This was revealed by the Executive Chairman of the Oyo state Internal Revenue Service, Mr. John Adeleke while addressing newsmen in the state capital
Adeleke disclosed that the government was looking to generate revenue from new sources without increasing taxes on existing business enterprises.
However, Mr. Adeleke clarified that tax will only be levied on churches and mosques with revenue-generating business ventures
According to the Chairman,“A culture of an efficient and leak-proof collection in all areas of revenue would be put in place”
“Instead of tax increment, we are emphasising the efficient collection of existing revenue and we are bringing our informal sector into the tax net.
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“The good performance of Gov. Makinde has also changed the attitude of the stakeholders toward tax payment as most of them are responding without any reminder.
“However, the economy is a big challenge for many companies as this has an implication on Pay As You Earn (PAYE) remittances.”