POST COVID-19: KWARA RECORDS 95.61% OF 2021 IGR TARGET

Date: 2022-01-30

With the gradual ease in the economy from the covid-19 pandemic ravaging the globe, the Kwara State Internal Revenue Service (KW-IRS) posted a total IGR of N26,961,014,485.76 (Twenty Six Billion, Nine Hundred and Sixty One Million, Fourteen Thousand,Four Hundred and Eighty Five Naira,Seventy Six Kobo) for the year 2021.

This was contained in a statement signed by Executive Chairman, KW-IRS, Shade Omoniyi, on the 29th January, 2022.

The statement disclosed that the total IGR generated for the year 2021, represents 95.61% achievement of its annual budgetary target of N28,199,910,200.00 (Twenty Eight Billion, One Hundred and Nine Nine Million,Nine Hundred and Ten Thousand, Two Hundred Naira Only).“The feat is the highest target hit since the agency was founded in 2016” the statement added.

A quarterly breakdown of the IGR generated for the year is as presented below:

Quarter    Revenue Generated
Q1 9, 616,070,933.17
Q2 6,491,694,948.90
Q3 5,688,630,716.32
Q4 5,164,617,887.37
TOTAL N26, 961,014,485.76

The Executive Chairman, KW-IRS, Shade Omoniyi noted that the year 2021 started on a good note, with an IGR collection of N9.6Billion, in the first quarter, the highest in the history of Kwara State Internal Revenue Service since its establishment without introduction of new taxes and or any extraordinary item.

It added that revenue collection across board dipped in quarters 2, 3, and 4 of 2021, owing to challenges associated with general apathy in the adoption of some newly introduced revenue collection processes, non-remittance, as well as the seasonal collections.

The statement however noted that, year 2021 had a remarkable revenue achievement of N26,961,014,485.76, an improvement of 37.34% over the total IGR of N19.638Billion generated in the year 2020.

“This achievement is attributable to the gradual recovery of the economy after the pandemic, continuous consolidation, and digitization of all revenue lines of the State, both of which are helping to reduce revenue loss, leakages, and diversion of revenues accruable to the State Government” said Omoniyi.

The Kwara State Internal Revenue Service (KW-IRS) is not relenting in its efforts of provision of seamless tax administration, continuous tax advocacy through various mass media platforms and stakeholders’ engagement to ensure tax compliance, prompt payment and remittance of tax arrears, eradication of under deductions and non-remittance of taxes due on income.

For KW-IRS, the focus in the year 2022 are:
i. Consolidation of the Digitization Process which aims at achieving taxpayers’ convenience, as some of our major structural improvements include the Self-Service Portal where taxpayers could perform basic tasks in the comfort of their locations such as:
 Request for Kwara Residence Identification Number (KRIN)
 Make all forms of revenue payment
 Remittance of PAYE
 Upload PAYE Schedule
 View Payment History
 Generate Tax Assessment
 File Tax Returns
 Request and Print Tax Clearance Certificate
 Request Citizenship Certificate
 Make payment for Hajj & Pilgrimage
 Get Notification of Assessment and carry out other tax related activities.

ii. Broadening the Tax Net and making IGR Collection Seamless in the Informal Sector- Several initiatives introduced at the Kwara State capital will be taken to all the Local Government Areas with our continuous expansion of operations to all Local Government Areas and the recruitment and deployment of additional 100 staff for improved efficiency at the grassroots.

iii. Introduction of cashless payments in several touch points across the State with the consolidation of payment platforms and continuous improvement on its automation system across board.

iv. Continuous improvement with the acquisition of additional data to the Harmonized Billing System for more efficient collections of taxes and revenues. Integration of all existing sub-systems to our platforms as well as Tertiary Institutions payment platforms. This is possible with the improved business relations and engagements between the Service and the relevant MDAs and various stakeholders in the State.

The statement further assures that as the year 2022 progresses, KW-IRS will continue to establish more profitable partnerships and effective work relationships with all stakeholders for smooth revenue administration and strategic development of the State.

The Kwara State Internal Revenue Service (KW-IRS) will strengthen all efforts towards revenue generation and hinge its performance on expertise, refined processes, and new technology, with vision to outclass its peers in the country.

“The Service remains committed to improving its processes, promoting collective work ethics, and seamless provision of tax administration for the growth of Kwara State IGR” the statement added.

The KW-IRS boss charged all business owners in the State to register their businesses with the KW-IRS, ensure tax returns are done within the time allowable by law, declare all sources of income for appropriate assessment, and pay all that is due on income as tax within stipulated time.

Shade Omoniyi also urged all staff, stakeholders, taxpayers, and partners to stay safe always and abide by all Covid-19 safety protocols.

Titilayomi Ogunwale
Head, Corporate Affairs, KW-IRS
29/01/2022

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Salman Suleiman     Iyabo Adewuyi     Kwara State Council Of Chiefs     Code Of Conduct     Valsolar Consultoria     Christopher Tunji Ayeni     Bukola Ajikobi     Offa Poly     Amos Sayo     Mutawali Of Ilorin     Oko     Doyin Group     TIIDELab     Al-Hikmah University     Baba Issa Awoye     Sarafadeen Kayode Akorede     Aisha Gobir     Abdulkarim Adisa     Oja-Oba     Akanji     11th Galadima     Okin Group     Kale Belgore     Umar Danladi Shero     Yoonus Kola Olatinwo     Dogara     Fareedah Dankaka     Kwara 2019     Smart School     Salihu Ajibola Ajia     Apado     Ishola Abdullahi     AGM Professional Services     Salihu Ajia     Mohammed Tunde-Jimoh     Kayode Laro     Odogun Olushola Gabriel     Asa LGEA School     Is\'haq Modibbo Kawu     Tafida Of Ilorin     Chikanda     Code Of Conduct Bureau     Ike Ekweremadu     Sulyman Age AbdulKareem     Ibraheem Adeola Katibi     Olatinwo     Abdulhakeem Amao     NAWOJ     Rice Farmers Association Of Nigeria     Kudirat Arinola Lawal     Adamu Ibrahim Sabi     Kola Shittu     Jide Oyinloye     Tunde Akanbi     Olukotun Of Ikotun     Ilorin Amusement Park     Buhari     Isapa     Taofik Abiodun Ahmed     Ojuekun Sarumi     Ilorin Anchor Men And Women     Zainab Abass     Abdulrahman Abdulrasaq     Sadiq Buhari     Toyin Abdullahi     COVID-19 Palliatives     Volunteers Of Ilorin Community And The Emirate     Afolabi-Oshatimehin     Abdulrasheed Na\'Allah     Bayo Ojo     Chief Imam Of Lafiagi     07039448763     Alimi     NYSC     KWASAA     Read With Me     Salami Adekunle    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Oke-Kura     Moses Salami     Plat Technologies Limited     Peter Obi     Kwara Volleyball Association     Abdulazeez Uthman     Ibrahim Issa Jetti     Abdulbaqi Jimoh     Funmilayo Mohammed     Florence Saraki     Kishira     Joseph Yemi Ajayi     NYSC     Salaudeen Oyewale     Moses Afolayan     Mazars Consulting     Oasis Muslim Care Foundation     Amosa     Jimba Babatunde     Samuel Adedoyin     Valsolar-Kwara Company Limited     Mumeen Lah     Elesie Of Esie     Saka Keji     HAMFAT Clinic And Maternity     Olomu     Abiodun Musa Aibinu     Ilota     Playing Host     Mohammed Katsina Ahmed     Iyiola Oyedepo     Ilorin Emirate Staff Association     Niguel Gallando Marcias     Kwara Poly     Ahmed Idris Mohammed     Offa Grammer School     Yusuf Abdulkadir     NIPOGA     Forgo Battery     Baba Adini Of Kwara State     Issa Baba     Ijagbo     Yakub Lai Gobir     Shehu Alimi Foundation For Peace And Development     Saduki Lafiagi     Umar Ayinla Saro     Mansur Alfanla     Muhammed Danjuma     Rasheed Jimoh     Akume     Amos Bajeh     Halidu Danbaba     Centre For Peace And Strategic Studies     Isiaq Khadeejah     Federal Polytechnic Offa     ASKOMP     Bola Shagaya     TIIDELab     Olaiya Zuberu     Idi-Ape     Ilorin Durbar     University Road     Kumbi Titilope     Jide Ashonibare     Sambo Murtala     Egbewole     Abdulwaheed Musa     AbdulHakeem Ajibola Akanbi     Labaeka     Isaac Gbenle     JUSUN     Omoniyi     Guber Aspirant     Sunday Otokiti     Joseph Bamigboye     Salmon Babatunde Salmon     Fatai Garuba Labaka