Metro  

Ahmed Signs Internal Revenue Bill Into Law

KWARA State Governor, Alhaji Abdulfatah Ahmed, has signed into law a bill establishing the Kwara State Internal Revenue Service (KSIRS).

KSIRS is authorised by the law to collect and manage revenue on behalf of the state and local councils. The new law also repeals the edict establishing the State Bureau of Internal Revenue (BIR).

Speaking while signing the new law in his office, Ahmed said that the establishment of KSIRS was necessitated by the need to reduce reliance on federally allocated revenue, and raise additional revenue to ensure the state government continues to meet its obligations to the people.

Ahmed added that while KSIRS is not expected to be imposing new taxes on individuals and businesses in the state, the new service is authorised to assess and enforce payment of relevant taxes, levies, fees, and charges in the state.

Ahmed added that the new law also establishes a State Joint Revenue Committee with the responsibility to harmonise tax administration in the state, and deal with revenue matters of common interest to state and local government authorities.

Receive News Alerts on Whatsapp: +2348136370421


No Comments yet

Related