The Enugu State Internal Revenue Service has appealed to individuals, institutions and other corporate tax payers in the state to continue to be patriotic and cooperate with the board in its renewed efforts to actualise the Internally Generated Revenue (IGR) target of N30 billion.
This, if achieved, the agency explained, would enable the state fund its 2018 budget proposal, which is presently in the State House of Assembly for approval.
Briefing journalists, the board Chairman, Mr. Emeka Odo, appreciated tax payers, agents, institutions and other stakeholders in the tax industry for their support to the state government in discharging their tax obligations in 2017.
Odo noted that the state’s IGR improved “tremendously” in 2016 and 2017 having generated about N14 billion and over 20 billion, respectively, from various taxes and non-tax revenues.
The chairman attributed the significant increase in the IGR to the far reaching reforms initiated by the Governor Ifeanyi Ugwuanyi’s administration, which he said were “carefully and systematically” implemented by the state’s Internal Revenue Service through blockage of revenue leakages and deployment of an Integrated Tax Management System for efficient and easy tax payment, among others.
He said the board had mapped out strategies on how to meet the target, but noted that it is only when tax payers and corporate bodies fulfil their tax obligations that the set target in 2018 will be fully actualised.
“The 2018 tax year has begun in earnest. We are therefore, reminding all tax payers and tax agents to file their returns of income with identifiable addresses, containing total amount of income from all sources and relevant information on the tax payers, within 30 days from 1st January of the year of the assessment of Enugu State Internal Revenue Service. This is in accordance with Sec. 41 of Personal Income Tax Act 2011 as amended,”
“It is also important to note that from the 1st quarter of the year 2018, the State Internal Revenue Service will start sending our Consultants and Auditors to institutions and agencies to carry out back duty audit, additional assessment and investigation for the previous years in accordance with Sec. 55 of Personal Income Tax Act (PITA) 2011 as amended,” Odo added.