As part of the Joint Tax Board (JTB) periodic peer review and monitoring exercise to States of the Federation to provide first level technical assistance towards ensuring improved Internally Generated Revenue, the Kwara State received in audience the Secretary, Joint Tax Board, Nana-Aisha Obomoghie and her team on the 16th and 17th day of August, 2021.
The two day exercise aimed at ensuring that the JTB initiatives, decisions and communiques are being implemented in accordance with the relevant Tax laws, commenced with meeting and discussion on the topic “Maximizing the IGR Potentials in Kwara State” at the Corporate Head Office of the Kwara State Internal Revenue Service (KW-IRS) on the 16th of August, 2021.
Delivering her opening remarks on the first day of the visit, the Executive Chairman, KW-IRS, Shade Omoniyi welcomed and wished the JTB visiting team, fruitful deliberations that will bring about an improved working relationship between both bodies and Kwara State at large.
Shade Omoniyi highlighted the significance of a cordial relationship with the Joint Tax Board (JTB), especially towards revenue administration in the State, she further expressed profound appreciation to the Board for selecting Kwara State as host for the year 2021 exercise.
The meeting discussed various activities of the Service in respect of level of compliance to Personal Income Tax (PIT), Self-Assessment, PAYE administration, strategic approaches to engagement of High Net Worth Individuals, Compliance with procedures for issuance of Tax Clearance Certificates, Automation, Nature of administration of other taxes, such as Stamp Duty, Capital Gains Tax, level of compliance with JTB decisions, among others salient matters.
The team also paid a courtesy visit to the State’s Ministry of Finance.
Receiving the team, the Accountant General of the State, Abdulwaheed Kayode, expressed his delight to have the team around, adding that the visit is one that will not only heighten the relationship between KW-IRS and the ministry, but one that will bring an upturn in the State’s revenue generation.
Obomoghie Nana-Aisha appreciated the ministry and expounded on the efficiency and effectiveness of the activities of Kwara State Internal Revenue Service in improving the State’s Internally Generated Revenue, imploring the Ministry and other MDAs of the State on the need to strengthen the relationship among all, in ensuring a friendly tax environment in Kwara State.
The JTB Board Secretary, further elaborated on the outcome of their findings based on the review of the meeting held with KW-IRS. “KW-IRS is doing well and it is among the first five IRS that have automated its collection processes to a large extent” she stated.
Obomoghie further encouraged switch to a complete automation of other areas that are yet to be automated for an improved IGR for the State.
Tour around offices of KW-IRS within Ilorin and exchange of gifts formed part of the activities of the visit.
The JTB team include the Secretary, JTB Board, Obomoghie Nana-Aisha, Head, Legal JTB, Nneka Esomeju, Head, Finance & Admin JTB, Amos Oduleye, Planning, Research & Statistics officer, Rafat Gambo Abdulazeez, Tax Admin & Compliance Officer, Umenwosu Collins and Egbune Mathew of JTB.
In attendance from KW-IRS were the Executive Chairman, Shade Omoniyi, Director Accounts & Finance Omolara Ojulari, Director Admin & Operations, Olatunji Balogun, Director Legal & Complaince, Shehu Abdullahi, Director, Income Tax, Mohammed Shehu, Management and staff of the Service.
The JTB Team was hosted to a dinner by the State to round off the two days review and monitoring exercise.
Corporate Affairs Department, KW-IRS