Oyo plans to bring hospitality businesses into tax system
The Oyo State Government says it intends to include all hospitality businesses in its tax system. The proposed move is aimed at increasing internally generated revenue and improving the government’s information about businesses operating in the sector.
The Oyo State Government has announced plans to bring all hospitality businesses under its tax system, according to Punch Nigeria. The proposal would cover hospitality businesses across the state, although the available information does not specify which types of establishments would be included or when implementation would begin. The government said the move is intended to increase revenue generation.
It also expects the inclusion of the sector to improve the collection of business data. No details were provided on the proposed tax rates, registration process, enforcement arrangements or consultations with hospitality operators. The announcement therefore establishes the government’s intention but does not set out the practical terms of the planned policy.
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