Ogun State Internal Revenue Service (OGIRS) has reduced the direct assessment tax payable on stamp duty from 17 to 12 percent, in order to encourage taxpayers and boost revenue generation.
Executive Chairman of the revenue agency, Mr. Olugbenga Olaleye made this known at the 2021 Second Quarter Revenue Performance Review of the agency at its headquarter in Abeokuta the state capital.
Olaleye explained that the reduction was to make Stamp Duty process affordable for taxpayers and increase revenue generation
He urged the people of the State to embrace the opportunity and see it as a gesture from the State Government.
Also speaking,the Special Adviser to the Governor on Revenue, Mr. Jide Sanwo enjoined all Zonal Coordinators and Tax Office Managers to effect the percentage reduction on their work templates.
He charged them to work harder in their various beats, in order to achieve the targeted revenue figure of N75B in 2021.
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