Banks, Hotels Activities Paralysed As OIRS Continues Enforcement

In its quest to recover all the outstanding revenues due to the state government of Osun, the State Board of Internal Revenue (OIRS) has again descended on some other privately-owned institutions, including Hotels, Restaurants, and Banks.

The affected establishments include: Osogbo Micro-finance Bank, Diamond Bank, Stanbic IBTC, Blue Petals Hotel and Suites Ede, amongst several others.

The activities of the affected establishments were paralysed last week, as the officials of OIRS stormed the defaulting offices.

According to the Special Adviser on Tax and Revenue Matters, Mr Gbenga Akano, the essence of the enforcement is to make sure that the doctrine of equity is maintained so that those who voluntarily comply to tax payment will not see themselves as being cheated.

Akano therefore, implored all and sundry especially those within the tax net to imbibe the culture of voluntary tax compliance.