How does KW-IRS prevent issuance of multiple receipts for same payment?The automated receipts and credit notes issuance will eliminate issuance of multiple receipts
Where can I obtain My TCC in Kwara State?TCC can only be obtained from the tax authority where the person is registered for tax Purposes and has been paying his tax in compliance with the rule of residence as contained in the Tax Law.
How can the taxpayer know whether his/her payment made to the bank has reflected in KW-IRS account?The taxpayer should insist on the bank delivering the e-ticket to him which will indicate the date and time payment was captured into KW-IRS account by the bank.
What happens when a taxpayer`s payment is posted to a wrong tax office?This can only be possible if the taxpayer does not have a TIN or the bank`s branch teller entered a wrong TIN which is either for another taxpayer or the TIN does not even exist. The system administrator, if informed officially, will reclassify the tax office or such payment. In cases where the taxpayer does not exist in the database, the registration officer will create the taxpayer and the system will generate a valid TIN for the taxpayer. Also, in cases where the TIN was wrongly assigned to a tax office, the TIN can be redirected to the correct office.
TIN office: Commissioners Lodge Way, off Ahman Patigi Road, G.R.A, Behind KWIRS, Corporate Headquarters, Ilorin Kwara State.
Can a taxpayer pay to any collecting bank branch?Yes. There are no designated bank branches for any tax offices or tax types. All approved Lead/Collecting banks can collect for all offices and tax types.
Why does it take more than two weeks to issue TCC?TCC can be issued ONLY after all taxes payable by the taxpayer for the past three preceding years have been paid. The statutory standard of issuing TCC within two weeks is no longer in force. However, the duration for issuance of TCC depends largely on the verification of all payments made by the tax payer with effect from the day he/she files an application for TCC with the tax office and not from the date of payment of taxes to the Banks.
Is medical allowance taxed?Yes. If it is paid directly to the hospital, Withholding Tax (WHT) should be deducted and if it is given to an employee in the form of allowance, it is taxed under PAYE.
On what basis will an application for TCC be rejected?TCC can be rejected on the following grounds:
- Where taxes have not been paid
- Where penalties or interest is still outstandingWhere outstanding returns have not been filed
- Where there are outstanding issues arising from tax queries, audit or investigation.
- Where the case is with the Tax Appeal Tribunal (TAT) for hearing and part of the tax has not been paid as required
Note: TCC once rejected cannot be said to be under processing, but it is kept on hold until issues outstanding have been resolved or sorted out by the taxpayer with the relevant office.
Is installment Payments no longer allowed for self-assessment filers?The tax law still recognizes the granting of installment payments to self-assessment filers. However, this can only be granted on application by the taxpayer to the tax office.
Why does KWIRS still refuse to issue TCC after PAYE has been deducted from the staff salary?KWIRS does not deny issuance of TCC to any taxpayer who has paid his tax liability in full. However, request for TCC must be made by the tax payer and such request is rejected where the taxpayer still has outstanding liability to pay.
What is Tax avoidance and Tax evasion?Tax Avoidance: – This is considered as a way of identifying the loop hole in the tax law and then taking advantage of such loop hole to reduce the tax payable
Tax Evasion: – This is a deliberate refusal (on the path of the taxpayer) to pay the correct tax.
What is accounting year and Accounting period?Accounting Year: This is a twelve (12) months period over which an entity`s financial accounts are made-up. (1st January – 31st December for KWIRS).
Accounting Period: This simply means the period with reference to which financial accounts of an entity are prepared.
Is inclusion of Taxpayer Identification Number (TIN) on a Contractor’s quotation necessary?Yes, it is mandatory.
What is the meaning of due date?Due date is the date prescribed by law for filing of tax returns and making of tax payments by taxpayers. All tax types have their different due dates as provided by the relevant tax laws.
What is the process involved in getting back tax payment erroneously credited in the name of the depositor instead of the taxpayer?Any tax paid in error can be reversed by the collecting bank within 24 hours if the bank is put on notice within the period. However, if the error was not detected on time, refund can be made by KWIRS on request through e-payment platform with the option to use it to set-off future tax.
How do i notify KWIRS that my address has changed?Simply visit any of KWIRS offices to update your profile or request for a tax payer profile form your revenue officer.