IIRS Chairman, Mr. Justice Okoye, during his recent visit to the Chairman in-Council of the Imo State Council of Traditional Rulers, HRM Eze (Dr.) E.C. Okeke (CFR), at the Eze-Imo complex in Owerri, the state capital.
Pursuant to seamless collection of taxes in Imo State, the Imo State Internal Revenue Service (IIRS) has started a new partnership with the leadership of Imo State Council of Traditional Rulers.
Already, the IIRS Chairman, Mr. Justice Okoye, has visited the Chairman in-Council of the Imo State Council of Traditional Rulers, HRM Eze (Dr.) E.C. Okeke (CFR), at the Eze-Imo complex in Owerri, the state capital.
Business Hilights gathered that during the meeting, Okoye expressed deep appreciation for the traditional rulers’ ongoing contributions to Imo State’s growth. He highlighted the vital role of collaboration between the IIRS and the traditional rulers in achieving revenue generation targets. Okoye emphasized the importance of the traditional rulers’ position as custodians of culture and tradition in fostering public compliance with tax laws.
A key focus of the meeting was the introduction of new concepts in tax collection. Mr. Okoye sensitized the traditional rulers on the newly implemented withholding tax on interest and capital gains tax.
The traditional rulers, in turn, welcomed this initiative and pledged to explore ways to support and implement it. They recognized the potential benefits of this strategic approach for their communities. They understood that improved tax collection could lead to increased resources for development projects.
“This strategic engagement represents a crucial step toward optimizing revenue generation, ensuring compliance, and fostering economic development in Imo State,” said Okoye in concluding remarks. He expressed gratitude for the warm reception and looked forward to a productive partnership with the traditional rulers.
The visit underscores a growing understanding of the crucial role traditional leaders play in community engagement and compliance with government initiatives. This collaboration between the IIRS and the Imo State Council of Traditional Rulers is expected to yield substantial positive impacts on tax revenue and overall economic progress within the state.
