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Why Tax Defaulters Must Avoid This State In New Year
If you one of the many tax defaulters around and you love yourself, there is one state that you must run away from come year 2025.
This is because the authorities there are putting measures are in place to make the state uncomfortable for tax defaulters.
Governor Abba Kabir Yusuf has revealed plans by his state of Kano to generate over N20 billion in revenue for each quarter of the year 2025, totaling over N80 billion for the same year, and is warning tax defaulters ahead of time.
It was contained in a statement signed by Sanusi Bature Dawakin Tofa, Director General, Media and Publicity, Government House, Kano, on Saturday.
According to the Executive Chairman of the Kano State Internal Revenue Service (KIRS), Dr. Zaid Abubakar, it is part of a reform measure in the state.
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“The reform is not aimed at increasing taxes but at improving the efficiency of tax collection and ensuring compliance with tax regulations.”
“Kano State has projected the generation of over twenty billion naira in revenue each quarter of 2025,” he added.
Governor Yusuf had sacked the immediate past chairman of the revenue service and appointed a new management structure.
The governor stressed that the decision has significantly improved the agency’s performance in the third and fourth quarters of 2024.
“To ensure effective reforms in revenue generation, the Governor will commission a new model for tax collection.
“This model is expected to substantially increase revenue generation for the 2025 fiscal year, enabling the administration to fulfill its campaign promises across various critical sectors of development,” the state government said.
The governor’s warning to tax defaulters comes after the government recently revealed it is moving to sanitize and secure the business environment in the state and has launched a comprehensive verification and registration exercise targeting all expatriates and their businesses operating within the state.
He had said the exercise would help acquire data on expatriate businesses, identify regulatory gaps, and enhance coordination between the government and the expatriates.
In August this year, the government discovered some MDAs had been operating revenue accounts outside of the designated Internally Generated Revenue (IGR) accounts.
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The Governor further directed banks to transfer all account balances from the IGR and expenditure accounts to new IGR and expenditure accounts recently opened by the Office of the Accountant General of Kano State.
Yusuf reassured the current administration would invest tax revenue in projects to positively impact their lives and the state’s economy.
according to him, the government would aggressively invest taxpayers’ money in sectors such as water and sanitation, health, education, urban renewal, and agricultural development from the first quarter of 2025.