<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>OYBIR - MegaIcon Magazine</title>
	<atom:link href="https://megaiconmagazine.com/tag/oybir/feed/" rel="self" type="application/rss+xml" />
	<link>https://megaiconmagazine.com</link>
	<description>Celebrating Human Excellence</description>
	<lastBuildDate>Fri, 21 Sep 2018 16:33:50 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://i0.wp.com/megaiconmagazine.com/wp-content/uploads/2020/12/megaicon_logonew.jpg?fit=32%2C9&#038;ssl=1</url>
	<title>OYBIR - MegaIcon Magazine</title>
	<link>https://megaiconmagazine.com</link>
	<width>32</width>
	<height>32</height>
</image> 
<site xmlns="com-wordpress:feed-additions:1">76701738</site>	<item>
		<title>Tax enforcement: Oyo govt says closure of Obasanjo farms, others not political</title>
		<link>https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political&#038;utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political</link>
					<comments>https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/#respond</comments>
		
		<dc:creator><![CDATA[Mega Icon]]></dc:creator>
		<pubDate>Fri, 21 Sep 2018 16:33:50 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Man]]></category>
		<category><![CDATA[Manufacturers Association of Nigeria]]></category>
		<category><![CDATA[Obasanjo farms]]></category>
		<category><![CDATA[OPS]]></category>
		<category><![CDATA[Organised Private Sectors and Chambers of Commerce]]></category>
		<category><![CDATA[OYBIR]]></category>
		<category><![CDATA[Oyo State Board of Internal Revenue]]></category>
		<category><![CDATA[Oyo state government]]></category>
		<category><![CDATA[Tax law]]></category>
		<guid isPermaLink="false">https://iso.keq.mybluehost.me/?p=12625</guid>

					<description><![CDATA[<p>OYO state government on Thursday denied the insinuations that it sealed up Obasanjo farms and over 40 other business firms in the state for political reasons. Rather, the government said, the seal off of the business premises was as a result of the failure of the affected firms and business interests to comply with tax [&#8230;]</p>
<p>The post <a href="https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/">Tax enforcement: Oyo govt says closure of Obasanjo farms, others not political</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
<p>The post <a rel="nofollow" href="https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/">Tax enforcement: Oyo govt says closure of Obasanjo farms, others not political</a> appeared first on <a rel="nofollow" href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><em><strong>OYO state government on Thursday denied the insinuations that it sealed up Obasanjo farms and over 40 other business firms in the state for political reasons.</strong></em></p>
<p>Rather, the government said, the seal off of the business premises was as a result of the failure of the affected firms and business interests to comply with tax laws of the state after every known efforts to compel the defaulting companies to comply failed.</p>
<p>The Chairman, Oyo State Board of Internal Revenue (OYBIR), Mr Bicci Alli made the disclosure during the OYBIR sensitization and enlightenment meeting with the members of the Organised Private Sectors and Chambers of Commerce under the aegis of Manufacturers Association of Nigeria (MAN), Oyo State Chapter, at MAN House, Jericho Road, Ibadan</p>
<p>The meeting which was attended by representatives of manufacturing companies and business organisations operating in the state saw the OPS expressing the willingness to collaborate with the government to ensure tax compliance in the interest of both the companies and the government.</p>
<p>Alli, whose office coordinated the Inter -ministerial joint tax force team that is enforcing tax compliance, informed that the government is never political in its enforcement exercise but more concerned about instituting a culture of voluntary tax compliance among all individuals and corporate residents in the state.</p>
<p>While vowing that the exercise would be continuous, Alli stressed that the Board will not relent in its effort until all monies due to the government are paid promptly.</p>
<p>He assured business owners that the government is not interested in disrupting businesses but doing the needful to ensure a conducive environment for business prosperity, adding that only a mutually beneficial relationship between the government and the business sector can help both parties.</p>
<p>&#8220;I must state that government does not have any interest in disturbing business interests of the private sector because we believe strongly that the Organised Private Sector contributes tremendously to the state economy as we will also acknowledge the fact that the government is doing well in making the environment very conducive for businesses to operate.</p>
<p>“However, we need you (OPS) as you need us (government). We will not want to embark on enforcement unless it is absolutely necessary.</p>
<p>“Our process and procedures are not driven by political considerations. OYBIR work for the state government and our intention is to rake in revenue after following due process. We did some enforcement and unfortunately, people are trying to read some political meanings to the exercise. We never shut down any business for political reasons.</p>
<p>“There was an enforcement and we distrain activities at Obasanjo farms, it was not done politically but because that organization did not pay what they were supposed to pay and I am glad to tell you that the company, just like many others also  affected have come back to pay what they are supposed to pay and the business premises have since been re-opened.</p>
<p>“Our system is not political. We did our job basically on what the firms were supposed to pay and where they don’t pay, we do the needful by enforcing. People should not read political colourations to our efforts.</p>
<p>“And everybody should be able to separate statutory duties and functions from politics. Payment of taxes is statutory. It is law. It is the moral duty and civil responsibilities of everybody. So, there is no relationship between tax payment and politics as far as we are concerned and we will do the needful and whoever is involved, we will make sure that they pay&#8221;, Alli said.</p>
<p>Earlier in his remarks, the Chapter chairman, Mr Kola Akosile commended the efforts of the board noting that a forum where members of the OPS and government agency would interact and consider intended policies before they are introduced would soon be launched in the state.</p>
<p>Akosile stressed, “the Organised Private sector under the Manufacturers Association of Nigeria and chamber of commerce has had a peaceful deliberation with the Oyo State Board of Internal Revenue led by its chairman, Mr Bicci Alli and its staff.</p>
<p>“It was very interactive and useful and we believe it is going to result in high level of compliance from the private sector, build a cordial relationship with the government and create a conducive environment to do our business. We hope we will have this forum continuously.</p>
<p>“We are going to have what we called the Private Sector Legislative Forum soon so that we can engage the government before some of these decisions are out. So we believe this is just the beginning of a good relationship with the government.”</p>
<p><a class="a2a_button_facebook" href="https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political%2F&amp;linkname=Tax%20enforcement%3A%20Oyo%20govt%20says%20closure%20of%20Obasanjo%20farms%2C%20others%20not%20political" title="Facebook" rel="nofollow noopener" target="_blank"></a><a class="a2a_button_twitter" href="https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political%2F&amp;linkname=Tax%20enforcement%3A%20Oyo%20govt%20says%20closure%20of%20Obasanjo%20farms%2C%20others%20not%20political" title="Twitter" rel="nofollow noopener" target="_blank"></a><a class="a2a_button_whatsapp" href="https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political%2F&amp;linkname=Tax%20enforcement%3A%20Oyo%20govt%20says%20closure%20of%20Obasanjo%20farms%2C%20others%20not%20political" title="WhatsApp" rel="nofollow noopener" target="_blank"></a><a class="a2a_button_email" href="https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political%2F&amp;linkname=Tax%20enforcement%3A%20Oyo%20govt%20says%20closure%20of%20Obasanjo%20farms%2C%20others%20not%20political" title="Email" rel="nofollow noopener" target="_blank"></a><a class="a2a_dd addtoany_share_save addtoany_share" href="https://www.addtoany.com/share#url=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political%2F&#038;title=Tax%20enforcement%3A%20Oyo%20govt%20says%20closure%20of%20Obasanjo%20farms%2C%20others%20not%20political" data-a2a-url="https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/" data-a2a-title="Tax enforcement: Oyo govt says closure of Obasanjo farms, others not political"></a></p><p>The post <a href="https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/">Tax enforcement: Oyo govt says closure of Obasanjo farms, others not political</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p><p>The post <a rel="nofollow" href="https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/">Tax enforcement: Oyo govt says closure of Obasanjo farms, others not political</a> appeared first on <a rel="nofollow" href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://megaiconmagazine.com/tax-enforcement-oyo-govt-says-closure-of-obasanjo-farms-others-not-political/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">12625</post-id>	</item>
		<item>
		<title>Tax default: Oyo govt seals banks in Ibadan</title>
		<link>https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tax-default-oyo-govt-seals-banks-in-ibadan&#038;utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=tax-default-oyo-govt-seals-banks-in-ibadan</link>
					<comments>https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/#respond</comments>
		
		<dc:creator><![CDATA[Mega Icon]]></dc:creator>
		<pubDate>Mon, 17 Sep 2018 14:00:34 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[2017 Pan African Distinguished Leadership Award]]></category>
		<category><![CDATA[Agodi Gate]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Bodija]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[Diamond]]></category>
		<category><![CDATA[Dugbe]]></category>
		<category><![CDATA[environmental development levy.]]></category>
		<category><![CDATA[Fcmb]]></category>
		<category><![CDATA[Heritage.]]></category>
		<category><![CDATA[Ibadan]]></category>
		<category><![CDATA[Idi-Ape]]></category>
		<category><![CDATA[Jericho]]></category>
		<category><![CDATA[Mokola]]></category>
		<category><![CDATA[monday]]></category>
		<category><![CDATA[OYBIR]]></category>
		<category><![CDATA[Oyo State]]></category>
		<category><![CDATA[Oyo State Board of Internal Revenue]]></category>
		<category><![CDATA[Oyo state capital]]></category>
		<category><![CDATA[Secretariat Road]]></category>
		<category><![CDATA[skye]]></category>
		<category><![CDATA[Stanbic IBTC]]></category>
		<category><![CDATA[tax default]]></category>
		<guid isPermaLink="false">https://iso.keq.mybluehost.me/?p=12556</guid>

					<description><![CDATA[<p>Activities were paralyzed in many banks in Ibadan, the Oyo state capital, Monday morning as a combined task force team of the Oyo State Inter ministerial Enforcement Unit swoop on the financial institutions to enforce tax compliance. As early as 9am, no fewer than 20 different branches of the various banks had been shut with [&#8230;]</p>
<p>The post <a href="https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/">Tax default: Oyo govt seals banks in Ibadan</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
<p>The post <a rel="nofollow" href="https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/">Tax default: Oyo govt seals banks in Ibadan</a> appeared first on <a rel="nofollow" href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><em><strong>Activities were paralyzed in many banks in Ibadan, the Oyo state capital, Monday morning as a combined task force team of the Oyo State Inter ministerial Enforcement Unit swoop on the financial institutions to enforce tax compliance.</strong></em></p>
<p>As early as 9am, no fewer than 20 different branches of the various banks had been shut with sealed notices placed at the property.</p>
<p>Some of the areas the enforcement team carried out their activities include, Dugbe, Mokola, Idi-Ape, Agodi Gate, Secretariat Road, Challenge, Jericho, Bodija, UI among others.</p>
<p>Some of the affected banks also include, Diamond, Stanbic IBTC, Skye, FCMB, Heritage.</p>
<p>Immediately the officials of the affected banks were seen running around to tidy up their papers to save losing the whole days business.</p>
<p><img data-recalc-dims="1" fetchpriority="high" decoding="async" class="aligncenter wp-image-12558 size-medium" src="https://i0.wp.com/iso.keq.mybluehost.me/wp-content/uploads/2018/09/IMG-20180917-WA0002-169x300.jpg?resize=169%2C300&#038;ssl=1" alt="" width="169" height="300" srcset="https://i0.wp.com/megaiconmagazine.com/wp-content/uploads/2018/09/IMG-20180917-WA0002.jpg?resize=169%2C300&amp;ssl=1 169w, https://i0.wp.com/megaiconmagazine.com/wp-content/uploads/2018/09/IMG-20180917-WA0002.jpg?resize=576%2C1024&amp;ssl=1 576w, https://i0.wp.com/megaiconmagazine.com/wp-content/uploads/2018/09/IMG-20180917-WA0002.jpg?w=607&amp;ssl=1 607w" sizes="(max-width: 169px) 100vw, 169px" /></p>
<p>While some succeeded in making the necessary payment as fast as they could to resume operations, some others were seen still trying to reach out to superior authority for further directive.</p>
<p>A source within the government enforcement team said the affected banks defaulted in the payment of the annual environmental development levy.</p>
<p>The tax, which is paid to the coffers of the state government is said to be payment for the impact of the various business and corporate entities on the environment across the state.</p>
<p>The affected banks were also said to have been found guilty for various duration ranging from 2015 to 2018, despite series of official communications and reminders to the management at different times.</p>
<p>It would be recalled that the Oyo State Board of Internal Revenue (OYBIR), the coordinating agency for collecting all government revenues had last month issued a 14 day ultimate to all tax payers in the state to pay up all outstanding dues and levies to the coffers of government.</p>
<p>The Chairman of the Board, Mr Bicci Alli had warned in the paid advertorial that the agency would embark on massive enforcement to seal up all erring corporate organisations on the expiration of the ultimatum.</p>
<p>But a source hinted that about two weeks after the expiration of the 14 days, the OYBIR had also written series of reminder letters to the affected banks, to which no response was gotten until the enforcement.</p>
<p>Many people who were within the affected bank premises when the enforcement team sealed up were seen with shock on the faces and expressing disappointment that cooperate organizations like banks could default in tax payment.</p>
<p>Alli said, the enforcement team decided to focus on banks to serve as deterrent to other defaulting corporate organisations, adding that the exercise is continuous.</p>
<p><a class="a2a_button_facebook" href="https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-default-oyo-govt-seals-banks-in-ibadan%2F&amp;linkname=Tax%20default%3A%20Oyo%20govt%20seals%20banks%20in%20Ibadan" title="Facebook" rel="nofollow noopener" target="_blank"></a><a class="a2a_button_twitter" href="https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-default-oyo-govt-seals-banks-in-ibadan%2F&amp;linkname=Tax%20default%3A%20Oyo%20govt%20seals%20banks%20in%20Ibadan" title="Twitter" rel="nofollow noopener" target="_blank"></a><a class="a2a_button_whatsapp" href="https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-default-oyo-govt-seals-banks-in-ibadan%2F&amp;linkname=Tax%20default%3A%20Oyo%20govt%20seals%20banks%20in%20Ibadan" title="WhatsApp" rel="nofollow noopener" target="_blank"></a><a class="a2a_button_email" href="https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-default-oyo-govt-seals-banks-in-ibadan%2F&amp;linkname=Tax%20default%3A%20Oyo%20govt%20seals%20banks%20in%20Ibadan" title="Email" rel="nofollow noopener" target="_blank"></a><a class="a2a_dd addtoany_share_save addtoany_share" href="https://www.addtoany.com/share#url=https%3A%2F%2Fmegaiconmagazine.com%2Ftax-default-oyo-govt-seals-banks-in-ibadan%2F&#038;title=Tax%20default%3A%20Oyo%20govt%20seals%20banks%20in%20Ibadan" data-a2a-url="https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/" data-a2a-title="Tax default: Oyo govt seals banks in Ibadan"></a></p><p>The post <a href="https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/">Tax default: Oyo govt seals banks in Ibadan</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p><p>The post <a rel="nofollow" href="https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/">Tax default: Oyo govt seals banks in Ibadan</a> appeared first on <a rel="nofollow" href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://megaiconmagazine.com/tax-default-oyo-govt-seals-banks-in-ibadan/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">12556</post-id>	</item>
	</channel>
</rss>
