April 19, 2024

Revenue: Kogi to introduce Automated tax registration, collection

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In a bid to curb corrupt practices in the tax administration, Kogi state Internal Revenue Service has concluded all necessary arrangement to introduce automated taxation policy soon.0

The acting Executive Chairman of the state internal revenue service,Automated Mallam Yusuf Abubakar disclosed to Journalists in Lokoja during an interactive session on Thursday in his office.

He said the measure has become necessary in view of the nefarious activities of touts and their collaborators in the various agencies connected to assessment, taxation, revenue collection and final lodgement to the state coffers.

Abubakar who miffed by the level of corruption in the revenue sector said that most of the documents bandied by holders are fake and urged the people the sincere and patriotic citizens to key into the new policy.

While commending the banks and other financial institutions like the Insurance companies for their cooperation and understanding, the Chairman maintained that the rights of the taxed will be protected.

While assuring that the policy will access, collect revenue, it will also give reports to the government on lapses and improvements.

The electronic process ,the Chairman said, will reduce traumatic experiences of the tax payers lining up to exercise their obligations to the government.

He announced that areas where banks and internet could not reassessed through banks, the ordinary POS can be ready alternative.

According to the Chairman, the business concerns both private and corporate will pay all assessed charged amounts of revenue expected otbthem through Banks and any nearby revenue collection agencies.

He lamented millions of naira have been lost due to fraudulent activities of touts and their agents collaborators who give out fake documents to motorists and other potential revenue revenue that could have enriched the area.

Abubakar therefore advised Kogi indigines especially in diaspora to channel their requests for services related registration of vehicles, land and business registrations to the Kogi state internal revenue service for genuine documents.

IDRIS AHMED, LOKOJA.

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