BENIN CITY- Chairman, Edo State Taskforce on Internally Generated Revenue (IGR), Edo State Internal Revenue Service (EIRS), Mr. John- Osagie Inegbedion has mandated the eighteen local government councils to assess business owners by the EIRS approved and harmonized presumptive tax assessment to erase double taxation.
Taking this stand after an EIRS Management’s courtesy visit to the Tax Controller, Federal Inland Revenue Service, (FIRS), Mr. Jangudu Mukthar on the need for collaborative partnership which closes gaps and block leakages in the business of tax collection, Inegbedion said the Edo State Revenue Service was poised to ensure a seamless revenue collection and administration in the state.
Giving credit to Governor Godwin Obaseki for proactively coming up with solutions to curb the double taxation menace for the past three years at state and local government levels, he affirmed that shops, business operators and their premises should be assessed only by the pay as you earn (PAYE) and presumptive tax.
Noting that tax administration and tax collection is a very serious business, he stated that instead of sending three individual assessments/notices to shops, business operators and their premises, “We now have it in one, so the (business owners) would no longer complain of double taxation as the three have been summarized.”
Inegbedion while educating and enlightening the public on set tax rules avowed that the EIRS was poised to maintain this new direction in tax administration and collection. He declared, “Business premises should stick to only this tax which covers the state and local government so you don’t end up paying twice. Don’t take that of the local governments as the presumptive tax assessment from the revenue service entails all.”
