As part of efforts to cushion economic downturn occasioned by the effect of COVID-19, Ogun State Governor, Prince Dapo Abiodun has granted various tax reliefs to residents of the state.
In a statement on Saturday, the Governor said he has directed the Ogun State Internal Revenue Service (OIRS) to immediately effect these tax reliefs to reduce the COVID-19 induced burden on taxpayers in the state.
According to Governor Abiodun, the types of taxes that taxpayers will enjoy reliefs include: “6-month deadline extension for filling of 2019 income tax returns by the self employed/informal 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 filling 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 categories stated in parts.
Prince Abiodun also stated that: “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.”
He therefore urged taxpayers in Ogun State to make the best use of the reliefs as they make necessary payments to the State’s designated accounts in approved banks.