A team comprising of Staff from the Imo State Internal Revenue Service (IIRS) embarked on a 4 day working visit to various Registrars of share firms and investor services in Lagos.
The visit was aimed at recovery of outstanding Withholding Tax (WHT) on share dividends due to the Imo State Government as backed by Section 71 of the Personal Income Tax Act (PITA) 104 Cap 8 LFN 2004 (as amended).
This move is in tandem with the IIRS’s goal of optimizing the Internally Generated Revenue (IGR) as well as His Excellency, the Executive Governor, Senator Hope Uzodimma’s 3R mandate of Rehabilitation, Reconstruction and Recovery.