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Home News General

‘Immediate stoppage’ Katsina State bans cash tax payment

Freelanews by Freelanews
November 7, 2021
in General
0
KATSINA STATE GOVERNOR PS scaled

The Katsina State Internal Revenue Service (KIRS) has declared an immediate cancellation to all cash payments and collection of state revenues, taxes, and other levies.

According to the KIRS, the decision to transition the revenue payment system from cash to electronic was made to plug leaks and assure effective monitoring of all income transactions.

The KIRS Executive Chairman, Mustapha Muhammad Sirajo, indicated in a statement sent to press in Katsina on Sunday that the suspension of cash payments will take effect on Monday, November 8th, 2021.

“As part of the modernization project of its service, Katsina State Internal Revenue Service (KIRS) is assessing the method of collection of revenues, taxes, and levies owed to Katsina State,” Sirajo said in a statement.

“In light of the foregoing, the service desires to inform the general public that it has implemented electronic payment, i.e. E-payment via the pay direct platform, in all commercial banks and their branches throughout the state and beyond.”

“First Bank, Access Bank, Eco Bank, FCMB, Fidelity Bank, GTBank, Keystone Bank, Polaris Bank, Stannic Bank, Sterling Bank, Union Bank, UBA, and Zenith Bank are the commercial banks.”

“The public is hereby informed that all cash payments and transactions were hereby stopped effective Monday 8th November 2021.”

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