Edo Government has granted traders in Oredo Local Government Area a 180 per cent reduction in the annual rates as tax waiver following several appeals from the traders.
The Deputy Governor, Mr Philip Shaibu, disclosed this on Monday in Benin during a meeting with executives of the traders at Government House, Benin.
Shaibu said that those in half shops would now pay N8,000 as against N25,000 previously, while those in full shops would pay N12, 000 as against N40,000.
He said that the implementation of the new tax regime would commence by Nov. 27, adding that all tax payers would be notified before then.
Shaibu said that Gov. Godwin Obaseki had directed that taxes must be collected with “human face” and urged tax payers to comply with tax collectors by paying promptly.
The Chairman of the traders, Mr Collins Ohizu, commended the state government for the tax reduction and appealed for further reduction.