The workshop, themed "Enhancing Tax Compliance through Stakeholder Sensitization and Engagement," aimed to educate employers on the importance of tax compliance and the procedures for filing annual tax returns.
In her keynote address, KW-IRS Executive Chairman Shade Omoniyi emphasized the critical role of taxation in driving economic development, highlighting its importance in financing public services such as infrastructure, education, and healthcare.
Omoniyi acknowledged the challenges associated with tax compliance in the state and stressed the need for collaborative strategies and stakeholder engagement to foster a transparent tax system.
The workshop featured presentations on tax compliance, including the KW-IRS harmonized bill, implications of non-compliance, and the 2024 Withholding Tax Regulations. Participants were guided on filing annual returns using the KW-IRS Self Service Portal, and prizes were awarded to those who submitted their returns on the spot.
KW-IRS officials urged employers to register unlisted businesses, file tax returns promptly, declare all income sources, and adhere to payment deadlines. They also emphasized the importance of the harmonized bill, which consolidates multiple tax types into a single document, ensuring clarity and simplifying the taxation process.
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The officials warned that non-compliance with tax regulations would attract serious consequences, including legal penalties, financial losses, reputational damage, and potential operational disruptions.
The proposed tax reforms, aimed at promoting efficiency, transparency, and convenience for individuals and organizations, were also discussed during the workshop.
The event was attended by management and staff of KW-IRS and representatives from various organizations across the state. KW-IRS Director, Income Tax, Mohammed Usman, expressed appreciation to participants for their time and support in ensuring tax compliance and contributing to the growth of Internally Generated Revenue (IGR) in the state.
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