Home Business KWIRS Generates N4.02bn IGR in Q3 2020

KWIRS Generates N4.02bn IGR in Q3 2020

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Chairman KWIRS ,Shade Omoniyi

By Mosunmola Ayobami,Kwara

The Kwara State Internal Revenue Service (KW-IRS) said it has generated a sum of N4.02billion out of a quarterly budget of N6.49billion for the third quarter (Q3) of 2020.

This was contained in a statement signed by the Executive Chairman KW-IRS, Shade Omoniyi, made available to Western Post on Thursday in Ilorin.

The breakdown of Internal Generated Revenue (IGR) within Q3 2020 showed that N961 million was generated in July, N1.95billion in August, and N1.09 billion in September

This brings total payment in Q3 2020 to N4.02billion.

Recall that the Service raked in N7.2billion and N2.1billion in Q1 and Q2 of 2020 respectively.

The Q3 revenue achievement is an increase of about 87per cent, compared with figures recorded in Q2 of the year and this is as a result of the ease of lockdown and resumption of business activities across the spheres of the economy of the State.

The Kwara State Internal Revenue Service, therefore, has generated a total revenue of N13.4billion, from a budget of N19.49 billion, year to date, which translates to a fulfillment of a 69 per cent collection achievement as at September 2020.

According to the statement, the service has introduced harmonized bills for Taxpayers as relevant to respective taxpayers, where various revenue items accruable to the MDAs across the State are consolidated and served. The harmonized bills avail taxpayers their total revenue and tax obligations to the State, streamline interaction of revenue authorities with taxpayers in the State, give room for adequate data capturing, payment narration and receipting of all payments made.

The collectibles on the harmonized bill include Registration and Renewal Fees on Business Premises, Signage and Advertisement fee, Fire Prevention/ Inspection of Establishment Fee, Earning from Gaseous Emission, Environmental Health and Safety Permit fees, Street Set back.

Also consolidated on the harmonized bills are Registration and Renewal of License such as Hospital, Clinics and Laboratories, Drug stores, Cold rooms, Agro dealers, slaughter slab, Veterinary drug store, Feed Mills centers, Livestock farm, Schools, Car dealers and Private Garages, Hotel, Event centres, Eateries and Restaurants.

Furthermore, in its bid to ease Tax Payment and ensure continued blockage of all forms of revenue leakages, the Kwara State Internal Revenue Service (KW-IRS) provided seamless Online Payment Platforms as opposed to direct cash lodgements into the IGR accounts of the State. The links to the online payment platforms are available on the KW-IRS official website and on all its social media platforms.

The Service remains focused in the drive of its sole responsibility of Mobilizing Revenue for the Strategic Development of Kwara State, with all efforts geared towards consolidating its performance in the last quarter of the year, as schools and other major economic activities in the State resume fully. This is as the government continues to do its best to stopping all forms of criminalities and unrest in the State capital caused by hoodlums who hid under the #EndSARS protests to perpetrate crimes all across the nation.

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