Oyo plans inclusion of hospitality into tax system

Oyo State Governor, Seyi Makinde. Photo: Oyo State Govt

Oyo State Government has announced plans to bring all hospitality businesses in the state into its tax system as part of efforts to improve data collection, boost revenue generation and strengthen security coordination across the sector.

The state Commissioner for Culture and Tourism Development, Wasiu Olatubosun, announced this at the state Tourism and Hospitality Conference, held in Ibadan, in conjunction with ITC Advisory Services.

Olatubosun said, “The majority of hospitality operators in the state are yet to register with the government, while some registered businesses were not remitting their dues regularly, a situation that was significantly affecting the state’s revenue generation.

“The renewed engagement with stakeholders was the first phase of a three-stage process comprising identification, cooperation and enforcement, with the enforcement stage expected to commence in October, 2026.”

He urged hospitality businesses to take advantage of the ongoing engagement and comply with the requirements of the state government.

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Olatubosun also enjoined hospitality businesses to submit monthly figures of customers who patronise their facilities to help populate data at the Bureau of Statistics and enhance security coordination across the state.

Also, the lawmaker representing Oyo East/Oyo West Constituency, Olorunpoto Rahman, reiterated the commitment of the state House of Assembly to partnering with the executive arm of government to build a tourism sector that is secure, data-driven and business-friendly.

• The PUNCH

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