Ogun State grants tax payers waiver, extension of filing deadlines
Ogun State governor, Dapo Abiodun on Saturday said he has directed the state inland revenue service to waive penalty on late filing of tax returns as he also extends deadlines for filing returns by eight months to September 30.
In a series of tweets on his Twitter handle, the governor said he has approved “certain tax reliefs to be immediately effected by the Ogun State Internal Revenue Service towards cushioning COVID-19 economic effects on our taxpayers.”
He said the state has granted 6-month deadline extension for filling of 2019 income tax returns by the self-employed/informed sector from March 31, 2020 to September 30.
“8-month extension of filling of 2019 annual PAYE returns by PAYE operators/tax agents from January 31, 2020 to September 30, as well as complete waiver of interest and penalty for late filing for the extension period. Complete waiver of interest and penalty for late remittance of monthly PAYE for the extension period.
“Same waiver for late payment of Direct Assessment/Personal Income Tax by the self-employed from January 1, 2020 to December 31.
“Waiver of weekly tax by operators and promoters of pool and betting businesses from April 1, 2020 to June 30.
The Tax Audit Reconciliation Committee (TARC) will also henceforth adopt video conferencing as the default mode for their meetings to continue ensuring ease of doing business while maintaining physical distancing,” Abiodun wrote on his Twitter handle.
“As taxpayers make payments to the State’s designated accounts in approved banks, I urge them to make the best use of these reliefs,” he said.
Lagos and the Federal Inland Revenue Service (FIRS) have also came out with their own version of tax relief measures to ameliorate the impact of covid-19 on the Nigerians, which include filing deadlines extension and waivers on penalities.#GFD