KW-IRS generates N4.015bn in 3 months

The Kwara State Internal Revenue Service (KW-IRS) has revealed it generates the total sum of N4,015,178,972.55 out of a quarterly budget of N6,499,393,323.99 for the third quarter of the year 2020.

In a statement issued on Wednesday by the revenue body’s chairperson, Shade Omoniyi, the breakdown of revenue generated within the three (3) months are; July – N961,003,235.92; August – 1,954,501,513.87; and September – 1,099,674,222.76.

The body had earlier raked in N7.2billion and N2.1billion in Q1 and Q2 of 2020 respectively.

According to the release, the Q3 revenue achievement is an increase of about 87%, 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 body, therefore, has generated a total revenue of N13,396,892,060.21 (Thirteen Billion, Three Hundred and Ninety- Six Million, Eight Hundred and Ninety-Two Thousand, Sixty Naira and Twenty-One Kobo Only) from a budget of N19,498,179,971.97 (Nineteen Billion, Four Hundred and Ninety-Eight Million, One Hundred and Seventy-Nine Thousand, Nine Hundred and Seventy-One Naira and Ninety-Seven Kobo Only), year to date, which translates to a fulfillment of a Sixty-Nine Percent (69%) collection achievement as at September 2020.

The statement added that they have 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 statement read partly, “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.”