States IGR records N317.79b in half year 2016

Revenue

Revenue

Lagos, Ogun lead pack with N150.59bn, N28.15bn
Nasarawa is bottom with N1.05bn

The National Bureau of Statistics [NBS] yesterday released last year/s half year internally generated revenue [IGR] of the State covering the periods of January to June 2016, indicating that a total of N317.79billion was generated by twenty-nine (29) states that have reported their half year 2016 Internally Generated Revenue figure and their revenue which was generated across the following types – PAYE, Direct Assessment, Road Taxes, Revenue from Ministries, Departments & Agencies and other taxes.

In the report, Lagos State recorded the highest Internally Generated Revenue (IGR) figure of N150.59billion followed by a wide margin of N28.15billion by Ogun State while Nasarrawa State generated the lowest revenue for the period under reference at N1.05bn.

The said seven (7) states are yet to report their half year [H1 ] 2016 Internally Generated Revenue figures.The states are Abia, Anambra, Bauchi, Ebonyi, Oyo, Rivers and Sokoto.

States IGR data is computed by the National Bureau of Statistics and the Joint Tax Board from official records and submissions by the 36 State Boards of Internal Revenue. These submissions are then validated and authenticated by the Joint Tax Board which is chaired by the Federal Inland Revenue Service and has the National Bureau of Statistics and the 36 State Boards of Internal Revenue as members .

Taxes approved for the States at the States and local government levels as follows : Pay-As-You-Earn (PAYE); Direct taxation (Self-assessment) Withholding tax for Individuals Capital gains tax for individuals Stamp duties on instruments executed by individuals. Pools betting, lotteries, gaming and casino taxes. Road tax. Business premises registration Development levy for individuals Naming of street registration fees in State Capitals. Right of Occupancy fees on lands owned by the State Government. Market taxes and levies where State finance is involved.

Hotel, Restaurant or Event Centre Consumption Tax, where applicable Entertainment Tax, where applicable ; Environmental(Ecological) Fee or Levy Mining, Milling and Quarry Fees, where applicable Animal Trade Tax, where applicable Produce Sales Tax, where applicable Slaughter or Abattoir Fees, where state finance is involved Infrastructure Maintenance Charge or Levy, where applicable Fire Service Charge Economic Development Levy, where applicable Social Services Contribution Levy, where applicable Signage and Mobile Advertisement, Jointly collected by States and Local Governments Property Tax Land use charge, where applicable.While at the local government level the following levies are approved Shops and, kiosks rates Tenement rates On and off liquor license fees,Slaughter slab fees. Marriage, birth and death registration fees.

Naming of street registration fee, excluding any street in the State Capital Right of Occupancy fee on lands in rural areas, excluding those collectable by the Federal and State Governments. Market taxes and levies excluding any market where State Finance is involved. Motor Park levies. Domestic animal license fees. Bicycle, truck, canoe, wheelbarrow and cart fees, other than a mechanically propelled truck. Cattle tax payable by cattle farmers only.

Merriment and road closure levy. Radio and television license fees (other than radio and television transmitter). Vehicle radio license fee (to be imposed by the local government of the State in which the car is registered. Wrong parking charges. Public convenience, sewage and refuse disposal fees. Customary burial ground permit fees. Religious places establishment permit fees. Signboard and advertisement permit fees Wharf Landing Charge, where applicable.

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