Kwara State government is set to commence a five-year tax relief regime for small business owners in the state. This follows a directive given by Governor Abdulfatah Ahmed to the State’s revenue service to put in motion the tax relief regime as part of the government’s effort to boost entrepreneurship and eradicate poverty in the state.
A statement released by Wahab Oba, Chief Press Secretary to the Governor, quoted the governor as saying the five-year tax relief regime is aimed at facilitating economic growth and development of the state, at a lecture to mark the 50th anniversary of the state in Ilorin.
Ahmed directed Chairman of the State Internal Revenue Service to coordinate the process of the tax holiday, the statement said.
He said the state has not introduced fresh taxes but only succeeded in blocking leakages in the system through effective management of the collection processes, adding that “our business is not to kill your business but to grow your business.”
