Nothing like multiple taxation in Lagos, says Sanwo-Olu

The Governor of Lagos State, Babajide Sanwo-Olu, has dismissed the fear by small business owners operating in the state that they risk paying multiple taxes.

The governor said his administration was rather working on improving the ease of doing business in the state.

He, however, urged residents to pay their taxes regularly and correctly to enable the government to deliver on public projects.

Sanwo-Olu, according to a statement on Tuesday, said this when he received the Executive Chairman of the Federal Inland Revenue Service, Mr Muhammad Nami, who paid him a courtesy visit at the Lagos House, Ikeja.

The governor said, “We will make sure that there is ease of doing business, especially for start-ups that are always scared that they face 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 ensuring 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 levels that the government can come up and discharge its responsibilities.

“Development is by tax and it is only when we collect a reasonable amount of tax that we can introduce development at infrastructure level and more importantly on security.”

Nami told Sanwo-Olu that he visited to seek support for the FIRS to meet the N8.5tn tax target given to the agency by the President, Major General Muhammadu Buhari (retd.).

“We feel without this collaboration, we cannot generate this N8.5tn that we have been mandated by the President to generate,” he said.
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