ODSG holds workshop on tax management

ODSG holds workshop on tax management

By Fatima Muraina
In a bid to boost the Internally Generated Revenue (IGR)of the state, Ondo state government has organised a two-day workshop on building capacity for Accountants, Auditors, Directors of Finance in the Ministries, Departments and Agencies in the Civil Service at the weekend.

At the workshop titled: Building Capacity for Result based Management in Transaction taxes”, participants were urged to make use of what they have been taught to improve on the method of remitting and deducting taxes.

The state Accountant General, Mr Herbert Akindolire spoke with The Hope shortly after the end of the workshop in Akure

Akindolire said it was the major essence of organising the workshop for all accountants, treasury officers, Executive officers(account) and internal Auditors of all Ministries, Departments and Agencies (MDAs).

He said the workshop became necessary having discovered that the state IGR dwindled. He therefore implored all citizens to perform their statutory responsibilities in paying their taxes.

The State Commissioner for Finance, Mr Wale Akinterinwa said the workshop was organised to avail the participants on how to be deducting and remitting the various taxes which he described as the major sources of Revenue to the state.

Akinterinwa, who spoke through his Permanent Secretary, Mr Olugenga Adelayi observed that the participants did not know how to really administer Taxes.

His words : ” sometimes when they make deduction, they may not make the appropriate one and when it comes to remittance, they remit sometimes to inappropriate authority and that will be a lost and securing it is very difficult”.

According to him, If the transactions were done appropriately, more revenue will come to the state thereby boosting development in the state.

The Managing Partner of J.A OARS consulting, Mr Adesoji Arimoro disclosed that lots of money belonging to the state were wrongly paid to the Federal Inland Revenue which he said ought not to be so.

Some of these wrongly transacted ones were withholding Tax Management and Stamp Duties administration and Value added tax Management and International transactions.

Arimoro, said the training re-educated stakeholders to bring to the fore knowledge of the taxes back to the State Board of Internal Revenue.

He expected that substantial amount of money being lost to the Federal Inland Revenue is retained within the state.

He urged participants to go back to the tax law and to ensure they obey it and not assume this should be what to be done.

Owena Press Limited (Publisher of The Hope Newspaper), Akure

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