Oyo collects tax with ATM cards, others

The Oyo State Government on Tuesday said it had concluded plans to collect tax from the informal sector tax with the use of mobile apps and Automated Teller Machine cards.

The government also stated that the annual collection of tax, especially among traders, markets and artisans, would take immediate effect. The Executive Chairman, Oyo State Internal Revenue Service, Mr John Adeleke, stated thisĀ  during a sensitisation tour and meeting of market leaders from 14 major markets across Ibadan at the Ogunpa Market in the Ibadan North West Local Government Area. Adeleke said the meeting was imperative in view of the need to encourage traders, artisans, shop owners, market men and women to be awake to their civic responsibilities as a way of supporting the government. Represented by the Director of Other Taxes, Mr Idowu Alao, the OYSIRS boss said the government had refused to increase the tax payable by the traders and others operating in the informal sector because of its understanding of the current economic situation in the country.


Source: Punch