Business
Oshiomhole Signs Tax Bill Into Law
Gov. Adams Oshiomhole of Edo on Wednesday signed the Tax Administration Bill into law with a firm commitment to prudently deploy the resources of the state for the good of the people.
Speaking shortly after assenting to the bill in Benin, Oshiomhole said taxes collected would be put to good use for the people to get value for their money.
“I have just signed the law to make provision for the administration and for the collection of revenue due to Edo State.
“With this law, Edo State Revenue Board now has a formal legal basis for existence and every effort will be made to comply with the spirit and letter of this law.
“And this is consistent to our commitment to reform various institutions of state and bring about long lasting positive changes in revenue collection.’’
Oshiomhole said that the law would help eliminate wastage in the system, improve efficiency and enhance revenue collection.
“It is my hope that the level of compliance on tax related matters will increase and we will not need to resort to court or use other self help means to collect taxes due to government.
“It remains only for me to reassure the good people of Edo State that taxes collected will be put to good use.
“As tax payers you have all become stakeholders. He who pays tax has a right to question and to engage government on how his or her taxes are used.