• Friday, April 26, 2024
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BusinessDay

Cross River IRS records over 200% increase in IGR in 7 months

a map indicating cross river (1)

Executive chairman of Cross River Internal Revenue Service (CIRS) Akpanke Ogar, says his agency recorded improvement in revenue generation in the last seven months from a paltry sum of N700 million to N3.5 billion, amounting to over 200 percent.

Ogar said this on Wednesday during a press briefing as part of a sensitization campaign for voluntary tax compliance in a bid to improve the state IGR.

According to Ogar, the campaign is part of efforts by the service to reposition its service and redefine its relationship with taxpayers in the state.

He noted that the campaign was designed to improve the CRIRS’s base, increase the number of taxpayers in the informal and structured sectors of the state economy as well as improve the collection of taxes of the informal sector.

The IRS boss further disclosed that the campaign would also aim to acquaint taxpayers with various modern means of tax payment, including online platforms and other channels towards growing compliance levels among populace.

“We will deploy a robust social media platforms in reaching our tax payers and have a viable feedback mechanism to address grievances from tax payers,” he said.

“CRIRS’s target was to grow the tax base by increasing the compliance level from its current 8% to 30% within the period of the campaign.”