The Executive Chairman of the Ekiti State Internal Revenue Service (EKIRS), Mr. Olaniran Olatona, has reassured residents that the state will remain fair, transparent, and fully compliant in its tax administration.

Speaking during an audience-participatory simulcast programme titled “Ekiti Loni/Ekiti Today,” Olatona said the newly introduced national tax law announced by President Bola Tinubu is designed to ease the financial pressure on ordinary Nigerians.

He explained that the reform aims to protect low-income earners and support small and growing businesses, while placing more responsibility on those with higher earnings.

According to him, the new tax structure will bring relief to millions of people. “Anyone earning less than ₦1 million annually will not pay any tax. Those earning between ₦1 million and ₦25 million will pay reduced rates based on their income bracket, while only individuals earning above ₦50 million annually will experience a rate increase,” he said.

Olatona added that the updated tax regime equips state governments with modern tools to improve revenue collection and block long-standing leakages.

He emphasized that taxes would not be imposed arbitrarily. Artisans such as tailors, mechanics, traders, content creators, freelancers and remote workers, he said, will only be taxed based on their actual income, not on bank inflows or assumptions about their businesses.

Urging residents to always clarify the purpose of bank transactions, Olatona said that with the new systems and partnerships with financial institutions, the state can now better identify genuine taxable income and curb evasion by people hiding under informal operations.

“Transactions are not taxes. Only income is taxed. If you send money to your child, label it clearly. These laws do not tax people for receiving help; they tax earnings,” he stressed.

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Olatona further assured that Ekiti State is not adversely affected by the national adjustments to personal income tax. He noted that the state has continued to record strong performance, generating over ₦2 billion monthly.

He appealed for continued support and cooperation from all stakeholders to help achieve the state’s revenue goals.