The Lagos State Government has partnered Guaranty Trust Bank, GTB on electronic tax payment system to make tax remittance easier for people.
The campaign was kicked off by the Governor of Lagos State, Mr. Akinwunmi Ambode at the Opebi branch of GTB in Lagos.
Speaking on the initiative, Ambode noted that the arrangement would ensure that residents and citizens ofÂ the stateÂ pay their taxes directly to the coffers of the State Government.
He said: â€œThe process in the payment of taxes has been simplified for the residents and citizens of Lagos State who are the direct beneficiaries of the productive utilisation of taxes in the state. All the projects that have either been completed since the commencement of my administration or those that are underway have been done through taxes. Lagosians would henceforth be able to pay their taxes through GTBank branches; the mobile payment and internet banking platforms.â€
In his remark, Managing Director of the bank, Mr. Segun Agbaje said that theÂ latest development further boostedÂ the cashless initiative.
â€œThe e-tax payment campaign has shown the premium placed on electronic payment by the Lagos State Government and this would equally aid the financial inclusion programme of the Central Bank of Nigeria,â€ Agbaje said.
He noted that the elimination of middlemen in the tax payment structure would reduce fraud in the system while government would be able to get immediate value for all tax remittance.
â€œWe are willing to support the government in the collection of all the different taxes payable to the Lagos State,â€ he said.
The various forms of taxes and revenues that can be paid in the bankâ€™sÂ branches across the state include Pay as You Earn; Withholding Tax; Land use Charges; Direct Assessment; Development Levy & Business Premise.
Others are tax audit;Â stamp duties; land charges; consent fees; capital gains tax; survey fees; registration and conveyancingÂ fees.