Kogi grants one-month grace for business registration, tax payment –commissioner

Kogi state has given all business owners across the state one-month grace to register their business premises as required by law or face sanctions.

The state Commissioner for Commerce and Industry, Mr Gabriel Olofu, stated this at a joint press conference by the ministry and the Kogi State Internal Revenue Service (KGIRS) on Tuesday, in Lokoja.

According to Olofu, the ministry derives the revenue on Registration of Business Premises Certificates/Renewals, while KGIRS collects the revenue for the state government, hence the synergy; which was in conformity with the provisions of the law.

He said that the Kogi State Government of Nigeria Registration of Business Premises Law 2007, Section 2(4) of Registration of Business Premises Law and other Matters Connected Therewith 2007, interpreted business premises to mean the premises on which the company, firm or individual carries on any business whether fenced or not.

“We urge business operators to pay their taxes directly into KGIRS specified account and obtain receipt or teller and thereafter proceed to the Ministry of Commerce and Industry to obtain your Business Premises Certificates from the commissioner.

“Business operators in the state are given a grace period of one month to pay their taxes with effect from today.

“And at the expiration of one month, the state task force on revenue drive would tour round all business establishments in the state to enforce the law”, he said.

Olofu said the ministry and the KGIRS had Area Tax Officers in the various local government areas and other strategic positions to assist taxpayers make their payments with ease, adopting the cashless policy of the government.

He said that the list of businesses, according to the provisions of the law, covered a wide range of enterprises of about 100 different businesses.

“The list also contains new areas of tax drive, such as POS, miners, contractors handling jobs for the Kogi state government and others”, he said, adding that the state had many on-going developmental activities and required revenue to meet their demands.

Olofu said that the ministry remained committed to the task of overseeing commercial and industrial activities in the state and encouraged all business operators to pay their taxes correctly.