Governor
Babajide Sanwo-Olu on Tuesday said there is currently no multiple taxation in
Lagos State revenue system.
According to
him, his administration will always improve on the ease of doing business in
the state rather than stifle the economy with loaded taxes.
He disclosed
this while receiving the Executive Chairman, Federal Inland Revenue Service,
(FIRS) Mr. Muhammad Nami at his office in Ikeja, the state capital.
“We will
make sure that there is the ease of doing businesses, especially start-ups,
that are always scared that they have multiple taxation. There is nothing like
multiple taxation in Lagos.
“It is clear
that they are exempted but that doesn’t stop them from doing proper filing and
ensure transparent reporting at whichever level of their business.
“We will
also use this opportunity to encourage our citizens that it is only when they
play their own part as responsible citizens both at the corporate and
individual level that the government can come up and discharge its
responsibilities.”
Sanwo-Olu
also stressed that development can only take place in a state when taxes are
promptly paid by the citizens.
“It is only
when we collect reasonably amount of tax that we can introduce development both
at the infrastructure level and more importantly on security so we cannot but
ensure that we collaborate and corporate with you,” he added.
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