Employers of labour, as well as self-employed individuals in Delta State, have been given up till January 31, and March 31, 2024, respectively, to file their annual tax returns for the year 2023 in compliance with the Personal Income Tax Act of 2004, as amended.
This was contained in a statement issued by the Executive Chairman of the Delta State Internal Revenue Service, Mr. Solomon Ighrakpata, on Monday.
The statement, which reminded the affected taxpayers of their obligations under the law, explained that Section 81(2) of the Personal Income Tax Act 2004, as amended, makes it mandatory for all employers of labour to file a return with the relevant tax authority of all emoluments paid to its employees not later than 31st January of every year in respect of all employees in its employment in the preceding year.
The statement reads, “Taxpayers should note that contravention of this law is liable on conviction to a penalty of five hundred thousand naira in the case of a corporate body, or fifty thousand naira in the case of an individual.
“As part of measures to simplify the tax administration process in the state, tax administration would be fully automated before the end of the first quarter of the year 2024.
In line with this, he said, filing of annual tax returns would henceforth be done online. The Chairman further advised taxpayers to access their self-service pages or portals through the website: where further information on how to access and engage with the Revenue Service has been provided.He said Annual Tax Returns which should be filed online are expected to have attached information on Pay As You Earn, PAYE, payments from January to December 2023; evidence of directors’ tax payments from 2021, 2022, and 2023; copies of receipts for withholding taxes from January to December 2023.
Others are evidence of payment of Business Premises/Renewal for the year 2023; evidence of payment of development levy for 2023; copy of lease agreement and rent receipts for office space occupied, as well as salary payroll projections for the year 2024.
