Delta State Government
March 31st set as deadline for tax remittance – Delta. The Personal Income Tax Act of 2004, as modified, has given employers and self-employed persons in Delta State until January 31, and March 31, 2024, respectively, to voluntarily file their yearly tax returns for 2023.
This was said in a statement published on Monday by Mr Solomon Ighrakpata, Executive Chairman of the Delta State Internal Revenue Service.
The statement, which reminded affected taxpayers of their legal obligations, explained that Section 81(2) of the Personal Income Tax Act 2004, as amended, requires all employers of labor to file a return with the relevant tax authority of all emoluments paid to their employees by January 31 of each year.
“Taxpayers should be aware that contravention of this law carries a penalty of N500,000 in the case of a corporate body, or N50,000 in the case of an individual,” the statement said.
“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 2024,” he said, adding that filing annual tax returns would now be done online. He also advised taxpayers to access their self-service pages or portals through the website, where additional information on how to access and engage with the revenue service is provided.
He stated that yearly tax returns, which should be filed online, should include information on Pay As You Earn payments from January to December 2023; documentation of directors’ tax payments from 2021, 2022, and 2023; and copies of withholding tax receipts from January to December 2023.
Others included proof of payment for Business Premises/Renewal for the year 2023, proof of payment for the development levy for the year 2023, a copy of the lease agreement and rent receipts for the office space leased, and salary payroll forecasts for the year 2024.