The Kogi State government has instructed business operators to comply with the provisions of the Law on Business Registration with the Ministry of Commerce and Industry, in order to avoid sanctions.
Trade and Industry Commissioner Gabriel Olofu said this at a joint press conference hosted by the ministry and the Kogi State Internal Revenue Service (KGIRS) in Lokoja on Thursday.
He said point of sale (PoS) operators, small traders, miners, contractors with state government jobs and others have until October 14 this year to register. or face severe penalties.
The commissioner said direct payment to the bank is in line with the cashless policy of the administration of Governor Yahaya Bello, adding that the state fiscal force responsible for collecting revenue would tour all business establishments. state to enforce the law when the law expires. month given by the ministry.
He added that the Ministry of Commerce and KGIRS have local tax officers in various regions of the local government and other strategic positions to help taxpayers with their payments, adding that the provisions of the law cover a wide range of issues. ‘companies.
He said: “Nigeria Kogi State Government Business Premises Registration Act 2007; Section 2, subsection 4 of the Business Premises Registration and Related Matters Act 2007, interprets business premises to mean: the premises in which the company, business or individual carried on or operates a business, whether closed or not.
“Section 2, subsection 2 interprets business to include any trade, industry or profession and any occupation carried on for profit in Kogi State. Article 3, paragraph 1, of the aforementioned Law further provides that the business premises of any company, enterprise or natural person carrying on business in the State must be registered in the manner prescribed in this Law.
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