Enugu IRS Reports Generating Over N35.9 Billion in Seven Months

TAX AUTHORITY DETAILS STRATEGIES AND SUCCESSES BEHIND THE IMPRESSIVE REVENUE FIGURES

The Enugu State Internal Revenue Service (Enugu IRS) has reported a significant increase in revenue collection, attributing the N35.9 billion earned in the first seven months of 2024 to the implementation of legally approved tax measures in the state.

Chairman Emmanuel Nnamani highlighted that the impressive revenue figure was achieved through the activation of various tax platforms, including e-ticket sales, Pay-As-You-Earn (PAYE) collection, land use charges, withholding taxes, capital gains tax, and consumption taxes. Additionally, the service has successfully addressed tax administration leakages.

During a press briefing in Enugu to mark his first year in office, Nnamani revealed that the state’s internally generated revenue (IGR) for 2024 already surpassed the total of N33.9 billion recorded for the entire year of 2023. This translates to an average monthly collection of N5 billion.

Nnamani introduced e-ticketing as a transformative approach for taxing the informal sector, which includes markets, transporters, and artisans. He noted that before this system, informal sector taxes were often diverted to non-state entities rather than reaching government coffers. The new system has already contributed over N2.3 billion to the state’s revenue.

The Enugu IRS has also expanded its tax collection infrastructure by integrating six digital platforms—Interswitch, Remita, E-transact, portal, and Monie Point—into its operations. This digitization has played a crucial role in increasing tax revenue.

Additionally, the service has activated previously dormant taxes such as Capital Gains Tax and purchase taxes on hotels and services, including the sale of beer, cigarettes, and cars. The expansion of land use charge collection has been supported by the Geographic Information System, which now identifies over 290,000 properties within Enugu Metropolis and its suburbs.

Nnamani emphasized that the government is committed to ensuring that all property owners fulfill their land use charge obligations.

0 Shares:
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like