Kaduna State generates N15.7 billion Internal Revenue in 8 months – Official

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https://kadunanewsonline.com/wp-content/uploads/2017/09/kadunanewsonline.com_-5.png/Kaduna State generates N15.7 billion Internal Revenue in 8 months – Official

Kaduna State generates N15.7 billion Internal Revenue in 8 months – Official

Mukhtar Ahmed, the Executive Chairman, Kaduna State Internal Revenue Service, KDIRS, says the state generated N15.7 billion as Internally Generated Revenue (IGR) from January to August.

He made the disclosure on Tuesday in Kaduna in an interview with the News Agency of Nigeria, NAN.

He spoke on the sideline of an interactive session on the new tax law KDIRS held with members of the business community.

The chairman expressed confidence that the service would realise between 60 to 70 per cent of the N50.2 billion target it set for itself this year.

“We recorded 25 per cent increase in revenue generation in 2016.

“We are looking at between 35 to 40 per cent increase in revenue this year; with the new tax law in place, I am very confident that it is attainable, “he added.

In another development, Kamaradeen Adigun, the former President, Chartered Institute of Taxation of Nigeria, has commended Kaduna state government for adopting the Treasury Single Account, TSA.

He submitted that adoption of TSA would enhance tax collection in the state.

Mr. Adigun, who described harmonisation of tax collection in the state as “a step in the right direction,” declared that the measure would enhance revenue generation.

NAN recalls that in March 2016, Kaduna state government enacted a new tax law which empowered KDIRS as the sole collector of revenue in the state.

The law banned all forms of cash collection from tax payers.

Mr. Adigun explained that implementation of the tax law by KDIRIS had ensured transparency in tax collection.

“What the government has done is a crucial step towards improved revenue generation.

“Before now, you will find all manners
of people going about in the name of state or local government collecting all manners of tax.

“The bulk of the monies collected do not go into the coffers of the government, but ends up in peoples pockets.

“Harmonising tax collection through the TSA has not only blocked leakages, it has also ensured transparency in revenue collection,’’ he said.

Mr. Adigun urged the management of KDIRS to embark on aggressive awareness campaign to sensitise the people on the new tax law.

Kaduna State generates N15.7 billion Internal Revenue in 8 months – Official

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