The Kwara State Internal Revenue Service (KW-IRS) has assured taxpayers in the state of its commitment to seamless discharge of its mandate with a view to ensuring adequate revenue mobilization for the socio-economic growth and development of the State.
The agency, in a press release on Monday, also noted that in accordance with Section 54(1) of the Personal Income Tax (PITA) 2011 as amended, which mandates every taxable person in the State to be assessed individually upon the expiration of the time allowed to file a return as mandated by Section 41 of the Act, the Agency has decided to discontinue the practice of payment of Personal Income Tax (PIT) or its equivalent through any existing or prospective associations, unions, or umbrella group(s) representing artisans or business owners.
Expressing satisfaction with the level of tax compliance in the state, particularly among the low income earners, and the growth in the number of taxpayers over the years, the agency expressed appreciation to stakeholders for their continuous support and commitment to revenue drive in the State. The Release however noted that the level of tax compliance among some High Net-worth Individuals (HNIs), is low.
The press release reminded taxpayers, particularly HNIs of their rights to submit objections to the assessment presented to them as stated in Section 58 of Personal Income Tax Act, PITA 2011 (as amended by the Finance Acts 2019 and 2020), which is then subject to review.
Noting that the ongoing enforcement exercise on tax defaulters continues across the State, the Agency urged all taxpayers to pay all their liabilities and file needed tax returns using avenues provided.
The release disclosed that the avenue to file Individual Annual Tax Returns is still available to the public and can be done seamlessly on the KW-IRS Self-Service Portal via selfservice.kwirs.com between now and 31st March 2024.
