The Kwara State Internal Revenue Service (KW-IRS) said it has generated the sum of N4,015,178,972.55 billion as revenue for third quarter of 2020.
The figure, according to a statement issued by the agency’s chairman, Shade Omoniyi ,was realised out of a quarterly target budget of N6,499,393,323.99 for the third Quarter of the year 2020. Giving the breakdown of revenue generated within the three Q3 (July, August, and September 2020) , Omoniyi said ,the service generared N961,003,235.92 for the month of July, N1,954,501,513.87 in August and N1,099,674,222.76 for the month of September .
The revenue agency boss, recalled that the service had raked in N7.2billion and N2.1billion in Q1 and Q2 of 2020, respectively, bringing the total revenue so far generated to N13.3 billion in 2020.
She pointed out that “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 Kwara state internal revenue service, therefore, has generated a total revenue of N13,396,892,060.21 from a budget of N19,498,179,971.97 69% collection achievement as at September 2020. “The service has 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 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.”
