Kwara State Internal Revenue Service (KWIRS) says it generated a sum of N6,227,099,973.42 in the fourth quarter of last year. She also said that the KW-IRS recorded a total revenue of N19, 623,992,033.64 for the entire year 2020, which, she said, was 75.48 per cent of the N25, 997,573,296.00 revised annual budget. “Due to the lack of physical contacts with some taxpayers for collections as well as the lockdown, there was a huge dip in revenue generated in Q2 2020 which extended into Q3 2020. “By the last quarter of 2020, there was a substantial recovery from the crippling effect of the pandemic on businesses and Internally Generated Revenue (IGR). “For the entire year 2020, KW-IRS recorded a total revenue of N19, 623,992,033.64 which was 75.48 per cent of the N25,997,573,296.00 revised annual budget.

Source: Nigerian Tribune January 24, 2021 12:22 UTC