Ogun networth individual taxpayers increases from 2 to 45 ―OGIRS

In its quest to generate revenue from non-oil sector, the Ogun State Government on Thursday, said it has increased the number of tax payers in the high networth individual category from 2 to 45.

Disclosing this was the Chairman, OGIRS, Adekunle Adeosun, at a news conference in Abeokuta, the Ogun State capital, that these category of individuals remit over N10 million and above into government coffers.

Adeosun noted that the networth individuals remit money either on Personal Income Tax through direct assessment or Pay -As-You-Earn (PAYE) scheme.

The OGRIS boss explained that his agency had begun profiling the high networth individuals for tax purposes before the federal government through the Federal Ministry of Finance in conjunction with the Federal Inland Revenue Service (FIRS) recently launched Voluntary Assets and Income Declaration Scheme (VAIDS).

Adeosun further said that the rigorous tax drives embarked upon by the state-owned internal revenue service targeted at taxable individuals and corporate organizations from both formal and informal sectors accounted for the increase in the level of tax remittance and tax compliance among the taxable population in the state