KW-IRS Rakes in N18b in 11 Months

The Kwara State Internal Revenue Service (KW-IRS) in collaboration with the Ministry of Information and Communication (MOIC) on the 12th day of December, 2017 held its quarterly Media Parley with the Kwara State Correspondence Chapel. The KW-IRS team was led by the Executive Chairman, Dr Muritala Awodun and the MOIC team by the Honourable Commissioner, Mahmud Babatunde Ajeigbe.

The Executive Chairman, KW-IRS in his brief informed the pressmen present at the event that the Service had raked in N18.2b as at November, 2017. This has surpassed the total revenue mobilized for the 12 months in 2016 which closed at N17.4b. When responding to questions he explained that the Service had been faced with challenges from the society including resistance and dislike for paying tax.

Dr Awodun enlightened those present that most people who are approached by staff of the Service fall within the Informal Sector category and taxes requested which start from N1,500 is for the whole year. He added that for any Civil Servant who is paying a similar amount, it would be the minimum each month. He also added that the Service had been responsive and sensitive to the hardships experienced by the residents of Kwara and this was evident in the enforcement activities which had slowed down since November, 2017.

Another key clarification where many have misunderstood is the basis on which Personal Income Tax (PIT) is collected. Some of the Media Correspondence present posited that many times the Service approaches people with kiosks and demand for amounts which are seemingly too high for such small scale business owners.

Dr Awodun explained that individuals are taxed based on their income. Thus, the size of kiosks and its content are not the basis but rather incomes accrued to the individual from such a business as well as any other sources. He explained that there are even individuals who may be considered High Net-worth Individuals (HNIs) but have no office address and/or small kiosks but with high income from contracts, properties, etc.

The Parley ended on a high note with the Honourable Commissioner thanking the pressmen present and expressed that both the organisers looked forward to the full year 2017 Media Parley which would hold in January 2018. He assured them of the open doors of the Kwara State Internal Revenue Service as well the Ministry for further information and enquiries.


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