The Edo state government has approved a 50 percent waiver for tax defaulters in the state.
John Mayaki, interim chief press secretary to Godwin Obaseki, governor of the state, on Sunday said the moratorium had its terms and conditions, including that all outstanding tax liabilities up to December 1, 2016 must be paid within 90 days.
He said debts were running into billions of naira.
Mayaki also said that Obaseki’s gesture was meant to encourage them to join the pool of 10 per cent who pay taxes in the state in addition to tidying up the tax system.
He added that the gesture was announced at the end of a meeting between the state government and other stakeholders such as the Edo State Inland Revenue service (EIRS) and tax payers in the state.
According to Mayaki, the governor’s action is in response to concerns raised about wrong profiling and arbitrary tax assessment, adding that the tax payers complained of being “set on edge in the face of the economic recession”.
He stated that the governor had promised that the tax administration would be reviewed to check the perceived abuses and arbitrariness in tax assessment in the state.
He quoted the governor as giving his assurance that there would be adequate deployment of Information and Communication Technology (ICT) and trained personnel handling the various offices of EIRS in the state.