IRC presents K200 million in revenue to Government

THE Internal Revenue Commission (IRC) presented a cheque for K200 million to the Government yesterday.
The amount exceeded IRC’s original revenue target for this year amid subdued economics conditions.
Prime Minister James Marape said IRC had transferred K8.302 billion, exceeding the original target of K8.102 billion.
He commended IRC commissioner-general Sam Koim and his team for the performance.
“I am proud of IRC because they could have used Coronavirus (Covid-19) disruptions as an excuse to perform below the target as they had 40 Covid-19 positive cases,” he said.
“Covid-19 restrictions did not allow officers to carry out routine compliance activities and there is a general contraction in the economy.
“Despite all odds, IRC performed exceptionally and beyond expectations.”
Marape urged other government entities to take this as a challenge to prepare for 2022.
“My Government is investing in digital transformation at IRC.
“On Monday, I launched the first ever online payment portal called ‘MyIRC’, already online.
“Next year, Government has allocated K25 million for IRC to procure an integrated tax administration system (Itas) and another K12 million to set up a GST (goods and services tax) Monitoring System at all shops where the GST component will be calculated and wired directly to the IRC account.
“This Government is intentional, hence putting the money where its mouth is.
“We are not a Government that spends only, but makes productive investments in increasing our revenue.”