Executive Chairman of the Kaduna State Internal Revenue Service (KADIRS), Jerry Adams, has said that the service was able to collect N70 billion taxes in 2024, while targeting N112 billion for 2025.
Adams said this on Monday in Kaduna at a two-day Annual Performance Review, Work Plan and Strategic Retreat 2025.
He said it was commendable that KADIRS collection had improved from N62 billion in 2023 to an impressive N70 billion in 2024.
He explained that the service alone was tasked to generate N56 billion from the 2025 target.
On the Nigerian Tax Reform Bills 2024 and its implications, Adams said the service must examine the tax reforms vis a viz the Nigerian Tax Bill 2024 currently being debated at the National Assembly and its implications on state revenue generation.
According to him, the tax reform bills introduced significant reforms aimed at enhancing tax administration, broadening the tax base, and fostering a more business-friendly environment.
While the reforms align with national economic objectives, the KADIRS boss said they also pose certain challenges for subnational revenue generation.
He mentioned some of the major implications of the reform bills to include the modification of tax rates and the reallocation of tax revenue streams between federal and state governments.
“This may lead to adjustments in our revenue projection and require us to explore alternative avenues to sustain and expand our revenue base,” he stated.
Adams, therefore, said some of the key areas of focus of KADIRS in 2025 would be taxation of the digital economy, which has vast potential and property tax.
He disclosed that for high-net-worth individuals, the service had signed an MOU with the Nigerian Financial Intelligence Unit (NFIU) for data collection and collaboration.
According to him, this is to ensure that the set of people are properly captured and dragged into the tax net.
He added that the service would leverage technology in its ongoing digitisation efforts to block leakages and enhance transparency using the PAYKADUNA portal, its one-stop shop for all state revenue payments.
Adams equally said they would enhance and prioritise interagency collaboration to ensure they meet N112 billion target for 2025.
