EKSG To Increase IGR To N14B In 2013

January 15, 2013

The Chairman of Ekiti State Internal Revenue Service, Mr. Isola Akingbade, has said that the 14 billion naira Internally Generated Revenue target in the 2013 budget will be realized.

Speaking at a forum in Ado-Ekiti, Mr. Akingbade said several measures have been put in place to block all leakages of government revenues which include; introduction of e-payment system, Point of Sales (POS) and the Taxpayer Identification Number (TIN) Project.

The State Internal Revenue Service boss noted that apart from boosting the state IGR, the POS would make payment of tax more convenient for people, stressing that the state had already taken delivery of 15 POS equipment. He added that the state would begin to look inward to the Agricultural Sector, Commerce and Tourism in order to increase its IGR, noting that the informal sector including artisans and market people would not be left out.

Mr. Akingbade also urged the people to patronize the state for their vehicle registration, assuring that registration of vehicle in the state was the cheapest in the whole of South-West. The Chairman hinted that nobody above 18 years who is earning regular salary either from government or private organisation is exempted from taxation, stressing that the new tax regime was in favour of workers because the law stated that N200, 000 and 20% of the gross salary of each worker is not taxable. He therefore called on the people to be law abiding and perform their civic duties by paying their taxes to enable government perform its social responsibilities to their benefit.

Last modified: January 15, 2013

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