Edo Revenue Service Generates N21bn in 2016

December 6, 2016

Bemin City - The Edo State Internal Revenue Services (EIRS) says it has so far generated the sum of N21 billion in the past eleven months in the 2016 fiscal year.

 

 

 

 

Executive Chairman of the service, Oseni Elamah made the disclosure while briefing the press on the objectives of the recent waivers granted to tax defaulters in the state by the state government in Benin- City while on Tuesday.

Elamah noted that the main essence of the waiver was to encourage and empower those already in the tax net to be able to pay their outstanding tax while those yet to key into the system to embrace the government gesture.

”The main objective of the waiver for the tax defaulters is to assist this complying but defaulting tax payers so that they can meet their civil responsibility of settling their tax obligations to Edo State.

“It is also to ensure that those who are not already in the tax net to key into the system by reducing their financial burden to support government with taxes to provide the necessary revenue to function and deliver efficient services to our people’’, he said.

He added that out of the 4.2 million populations of the state only about 165,486 people paid taxes representing about 10 percent while over 500,000 people who earn income do not pay taxes.

He explained that the record of the revenue generated by the agency from January to date with the exception of the month of November amounted to about N21 billion in 2016.

According to him, this year from January to date, we are talking of December we just has our account and we are still trying to reconcile that of last month of November. So far we have collected about N21 billion.

The EIRS boss however gave the breakdown of debts owed the state by various tax defaulters to N2.74 billion by federal government agencies and department, N1.6billion on consumption tax/ land use charges and over N800million withholding taxes by banks.

He said the actual debts owed the state would be made know to members of the general public after the complete computation of the debt liabilities.

He however appealed to the defaulting tax payers to take advantage of the government waivers to meet up with their outstanding obligations within the prescribed periods with a bid to avoid penalties.

‘’We want to appeal to our people especially those who are not even in the tax net to please support this government that they give their mandate to govern with their own contribution of paying their taxes.

‘’The first step is to go to our revenue office nearest to you to be captured under the Tax Identification Number (TIN) card project. Its purpose is that it eradicates the issue of double or multiple taxations’’, he stated.

 

 

 

EDITOR'S COMMENT: When will the Govt start asking the people what they want? This Govt must be careful not to be oshomolisque ie doing things they want and saying its good for the people.

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