KWIRS generated N9.5bn n Q1, to address tax default in informal sector

Shade Omoniyi, the Chairman, Kwara State Internal Revenue Service (KWIRS), has announced that the Revenue Board generated N9,598,504,939.90 in the first quarter of 2021, crediting the feat on effective adoption of technology and steady blockage of leakages within the tax administration system

She however noted that the Agency intends to broaden its tax collection base by deploying IT solutions in capturing and profiling eligible taxpayers in the informal sector of the state.

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Omoniyi, who made the disclosure in Ilorin, the State capital, stated that the figure is the highest ever revenue captured in the same period since the inception of the Tax Agency, saying the estimates represented 30% of projected revenue for the year 2021.

“This is why we are taking the initiative of identifying our taxpayers through several means such as the use of ticketing model. This is especially so with the transport sector in the state.

“This feat of KW-IRS in Q1, 2021 was a great improvement over the N6, 227,099,973.42 raked in, in the last quarter of 2020”, she said.