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Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 (7523 Views)

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Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by OndoFirstBorn(m): 7:46am On Jun 13, 2020
To cushion the effects of the Coronavirus pandemic on businesses in Ondo State, Governor Oluwarotimi Akeredolu, SAN has announced tax cut, waived fees and other tax relief incentives for taxpayers in the state.

The Governor who announced this via his twitter account, said that the implementation of the Hotel, Restaurant and Event Center Consumption Tax due to start on 1st June, 2020 has also been suspended.

In his tweets "Our administration took a major step towards cushioning the impact of #COVID19 on our citizens. We have cut taxes and waived fees and have instituted other reliefs to make this period much more easier to bear. #Thread"

"The implementation of the Hotel, Restaurant and Event Center Consumption Tax due to start on 1st June, 2020 is suspended in view of the peculiarly harsh impact suffered by the Entertainment/Hospitality sector."

"The full implementation of the Land Use Charge rates based on property valuation is suspended."

"Penalty and Interest on arrears of Land Use Charge from year 2017 to 2019 is hereby waived for residential property."

"The minimum tax payable under the Presumptive Tax Regime (Artisans, Market Women, etc.) in the state has been reduced by 50%."

"The deadline for the submission of Form A for employees and Annual Returns in accordance with Sections 41 (3) & 81 (1-3) of the Personal Income Tax Act (PITA) 2011 as amended, for companies operating in Ondo State is extended."

"The penalty hitherto being charged on late remittance of Pay As You Earn (PAYE) deductions has been waived between March and September 2020 for all sectors."

https://twitter.com/RotimiAkeredolu/status/1271518314276229122?s=19

3 Likes

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by izzou(m): 7:57am On Jun 13, 2020
If the government is waiving taxes, how are they going to generate funds to carry out their responsibilities?

I'm not trying to be inhumane or a bad belle, but these are uncomfortable issues that will arise after these waivers

I see it as a way of our politicians avoiding their duties and maybe chopping money sef throughout the post covid-19 era

After all, if dem no do your road, you no go fit complain because people no dey pay complete tax or some no dey pay again.

Make I dey watch sha

2 Likes 2 Shares

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Sammy07: 8:07am On Jun 13, 2020
Mr. Governor.
4 + 4 already cool

5 Likes

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Sammy07: 8:09am On Jun 13, 2020
another thing I like about him is that, he do take advice and he do respond to complains.
Esp, on twitter whenever we call him out on something.

he'll respond maturely not rudely and he'll explain.

6 Likes 1 Share

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Simplyleo: 8:14am On Jun 13, 2020
[s]
izzou:
If the government is waiving taxes, how are they going to generate funds to carry out their responsibilities?

I'm not trying to be inhumane or a bad belle, but these are uncomfortable issues that will arise after these waivers

I see it as a way of our politicians avoiding their duties and maybe chopping money sef throughout the post covid-19 era

After all, if dem no do your road, you no go fit complain because people no dey pay complete tax or some no dey pay again.

Make I dey watch sha
[/s]
Stop talking nonsense.

24 Likes 1 Share

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by ki02020(m): 8:19am On Jun 13, 2020
izzou:
If the government is waiving taxes, how are they going to generate funds to carry out their responsibilities?

I'm not trying to be inhumane or a bad belle, but these are uncomfortable issues that will arise after these waivers

I see it as a way of our politicians avoiding their duties and maybe chopping money sef throughout the post covid-19 era

After all, if dem no do your road, you no go fit complain because people no dey pay complete tax or some no dey pay again.

Make I dey watch sha

Oga even when they were collecting full tax much wasn't done... This is real cushion support not the rice and beans they were sharing

17 Likes

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by joshuaakindele7(m): 8:22am On Jun 13, 2020
izzou:
If the government is waiving taxes, how are they going to generate funds to carry out their responsibilities?

I'm not trying to be inhumane or a bad belle, but these are uncomfortable issues that will arise after these waivers

I see it as a way of our politicians avoiding their duties and maybe chopping money sef throughout the post covid-19 era

After all, if dem no do your road, you no go fit complain because people no dey pay complete tax or some no dey pay again.

Make I dey watch sha

Pay tax, you complain. Tax cut, you still complain. So you would rather prefer the Government to continue to tax people even when they're not making much sales/revenue during this lockdown? You must be very wicked. When businesses use all their profits and capital to pay tax now and everything crumble, who will pay tax to the Government after the pandemic? The Governor has simply given Businesses a conducive atmosphere to continue to operate. You rub my back, I rub yours. That's how the society grows.

Kudos to Governor Akeredolu for this, He has set the pace. Hopefully other states' Governors will follow suit.

24 Likes

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by izzou(m): 8:26am On Jun 13, 2020
ki02020:


Oga even when they were collecting full tax much wasn't done... This is real cushion support not the rice and beans they were sharing

Like I said, it's an uncomfortable problem that will arise

I'm just being realistic.

It may sound sweet now, but when a road has not been repaired, even in this rainy season, we will still tag the government as incompetent

1 Like

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by izzou(m): 8:28am On Jun 13, 2020
joshuaakindele7:


Pay tax, you complain. Tax cut, you still complain. So you would rather prefer the Government to continue to tax people even when they're not making much sales/revenue during this lockdown? You must be very wicked. When businesses use all their profits and capital to pay tax now and everything crumble, who will pay tax to the Government after the pandemic? The Governor has simply given Businesses a conducive atmosphere to continue to operate. You rub my back, I rub yours. That's how the society grows.

Kudos to Governor Akeredolu for this, He has set the pace. Hopefully other states' Governors will follow suit.

K
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Kicktaker(m): 12:18pm On Jun 13, 2020
Nice one..just like Ayade did
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by kyuniii(m): 12:20pm On Jun 13, 2020
Election don come.

4 Likes

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by oyeb15: 12:21pm On Jun 13, 2020
Election matter. They are always nice during first term but devils in second term.

7 Likes

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Openbusiness: 12:21pm On Jun 13, 2020
Simplyleo:

Stop talking nonsense.

Much worse than nonsense. It's complete thrash!

izzou:
If the government is waiving taxes, how are they going to generate funds to carry out their responsibilities?

I'm not trying to be inhumane or a bad belle, but these are uncomfortable issues that will arise after these waivers

I see it as a way of our politicians avoiding their duties and maybe chopping money sef throughout the post covid-19 era

After all, if dem no do your road, you no go fit complain because people no dey pay complete tax or some no dey pay again.

Make I dey watch sha[/s]

oyeb15:
Election matter. They are always nice during first term but devils in second term.
grin your brain is working. After elections are over, they will do policy somersault

7 Likes 2 Shares

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Onyekachi419(f): 12:21pm On Jun 13, 2020
Scamdemic
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by JOHNSONSOLAFUNMI(m): 12:21pm On Jun 13, 2020
B
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by DeRuggedProf: 12:22pm On Jun 13, 2020
Ok
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Goldencheese(m): 12:22pm On Jun 13, 2020
Tax cuts are a good way to cushion the effects of the COVID-19 on Nigerians.
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by ULSHERLAN(m): 12:25pm On Jun 13, 2020
Will he have done that if Ondo state elections were not close by

1 Like 1 Share

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Juventu999: 12:27pm On Jun 13, 2020
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Houseofglam7(f): 12:27pm On Jun 13, 2020
cool
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by AbidexFIRE: 12:29pm On Jun 13, 2020
Campaign after election
After what happened to your counterpart in Edo and u already know what will happen to you eventually,
Now u are playing ur last card

1 Like 1 Share

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by obcpascal: 12:30pm On Jun 13, 2020
One of the Advanced Governors we have in Nigeria

2 Likes

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Resrguru: 12:31pm On Jun 13, 2020
Nice job
Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by shizzy7(f): 12:33pm On Jun 13, 2020
izzou:


Like I said, it's an uncomfortable problem that will arise

I'm just being realistic.

It may sound sweet now, but when a road has not been repaired, even in this rainy season, we will still tag the government as incompetent
Shut Up.

5 Likes 1 Share

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by Wiseandtrue(f): 12:34pm On Jun 13, 2020
That's a good one from Akeredolu

His government have the people in mind!!!

If na Buhari na to even increase the taxes grin cheesy grin

God bless all our hardworking governors with people's interest at heart!!!

1 Like 1 Share

Re: Akeredolu Announces Tax Cut For Businesses in Ondo To Cushion Effect of COVID-19 by BigBashiru: 12:46pm On Jun 13, 2020
joshuaakindele7:


Pay tax, you complain. Tax cut, you still complain. So you would rather prefer the Government to continue to tax people even when they're not making much sales/revenue during this lockdown? You must be very wicked. When businesses use all their profits and capital to pay tax now and everything crumble, who will pay tax to the Government after the pandemic? The Governor has simply given Businesses a conducive atmosphere to continue to operate. You rub my back, I rub yours. That's how the society grows.

Kudos to Governor Akeredolu for this, He has set the pace. Hopefully other states' Governors will follow suit.
@ "you must be wicked" - it's a black race thing.

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