Business
THE Kaduna State Internal Revenue Service (KADIRS), on Monday sensitised stakeholders in the state on the 10 per cent withholding tax on rent and properties.
Speaking to newsmen, the Chairman of KADIRS, Mr Jerry Adams, said the withholding tax on rent was a new revenue line that they have not been collecting.
He pointed out that the withholding tax was part of what was enshrined in the Kaduna State Tax Codification and Consolidation Law.
Adams explained that as a new area KADIRS wants to venture into, it was critical they sensitise the key stakeholders in the field.
He disclosed that henceforth, service would be collecting 10 per cent from rent that landlords and other stakeholders that deal in rent and properties give out on their properties.
Adams stressed that such properties given out on rent were so many in the state, hence KADIRS expects a lot to come from it.
Speaking on the feasibility of the tax collection, the chairman said KDIRS has done a survey, which was still ongoing.
Adams also said that a lot of enumeration was ongoing to find out the properties that were being rented out.
On compliance, the chairman said KADIRS’s intelligence unit was discharging its functions keenly, while the service has also embarked on massive media sensitisation.
“All these things are on going. The citizens have to perform their civic responsibilities of tax compliance, so they can also become stakeholders in the affairs of the state.
“If the people pay tax, they will be able to ask questions on what the government is doing for them,” Adams said.
He commended Gov. Uba Sani for his achievements, which included groundbreaking and the inauguration of multiple projects.
According to him, those efforts should be able to show the citizens that their taxes are being utilised properly to serve as an encouragement to them on tax compliance.
“In spite of the huge debt burden on the state and lean resources, the governor still strove to do massive projects in one year.
”This means that once we have more money, the state will be the new Dubai,”he said.
One of the stakeholders, the immediate past Chairman of the Nigerian Institute of Estate Surveyors and Valuers, Kaduna branch, Abdulkarim Obaito, described withholding tax as one of the oldest taxes.
According to him, properties are the surest access to taxes which the government can impose.
The News Agency of Nigeria (NAN) reports that the stakeholders at the event included landlords, professional bodies and CSOs, among others.(NAN)
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-May 27, 2024 @ 15:38 GMT|
Tags: Abdulkarim Obaito Gov. Uba Sani KADIRS Mr Jerry Adams
