Governor Seyi Makinde of Oyo state on Wednesday, September 18, declined assent to the Presumptive Tax Bill passed by the state House of Assembly in consideration of the current plight of the people......READ THE FULL STORY>>.....READ THE FULL STORY>>
Makinde rejects tax bill, cites economic hardship
Makinde declined his assent to the Bill because it would inflict more pain on the poor masses in the state.
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As reported by The Punch, Makinde said that the people are hungry and angry as a result of the current economic reality in the country.
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“Anything that will put money in the pocket of the people is what I’m interested in so they can use on where the shoe pinches. At this time, I’m not interested in whatever policy that will empty their pockets. I’ll continue to fight poverty and not fight the poor,” he said.
Makinde made his position on the bill known, while flagging off the upgrade of Samuel Akintola Airport to an international standard.
The Oyo state governor maintained that he would not implement the bill for the moment.
Speaking further, Makinde, however, praised the assembly for the initiative, which, he believed, was directed at raising the Internally Generated Revenue of the state.
Details about the new tax bill
Last week Thursday, the Oyo State House of Assembly passed into law the State Presumptive Tax Bill, 2023, which provides for the imposition, administration, and collection of presumptive tax on individuals and entities whose income cannot be ascertained due to lack of financial records.
Enterprises captured for various presumptive tax rates, include artists and sign writers, barbers, bricklayers, carpenters, grinding mills, gas refilling depots, hairdressers, horticulturists, photographers, plank sellers, plumbers, welders, mechanics, block makers, saw millers, book stores, typing studios
Makinde narrates daughter’s experience at NYSC camp in Lagos
In another development, Legit reported that Governor Seyi Makinde narrated his daughter’s experience at the National Youth Service Corps (NYSC) camp in Lagos.
Makinde said his daughter told him that some people bullied her during the three-week orientation course.
The governor thanked the Camp officials for accommodating his daughter, and for making her feel welcome.
