The Oyo state government discloses tax relief packages for private and corporate business operating in the state.
The state commissioner for finance, Mr Ajibola Oko made this known on behalf of Governor Setien makinde while speaking to a popular broadcasting station in Ibadan.
He said “Extension of the deadline for filing of annual returns of employees by the employers of labour for six months -March 1 to August 31, 2020.
“Also in the package are waivers of penalties and interest for employers in the primary sector of the economy -agriculture, fishing, transportation and mining, who should file tax returns on or before August 31, 2020.
“ And 50 per cent reduction in penalties and interests for employers in the secondary sector of the economy, such as food processing, beverages, sachets and bottle water producers, who should file tax returns on or before August 31, 2020.
“Furthermore, the state government also approved 75 per cent reduction in penalties and interests for the service sector employers which include hotels, educational institutions, tourist centres that should file tax returns on or before August 31, 2020.
“ The tax agents are allowed to remit the Pay As You Earn (PAYE) tax to the extent of the staff strength that are paid in each month that COVID-19 has affected them,”.
