Saturday, March 19, 2016

"Federal Allocation is not Enough to Pay Salaries" Delta State Government Cries out.

"Federal Allocation Is Not Even Enough To Pay Salaries, We Must Support This Administration Led By Dr Ifeanyi Okowa By Paying Our Taxes As At When Due" Delta State Board of Internal Revenue calls on all Deltans as they plan to go tough on all Tax evaders and defaulters.

The Delta State Board Of Internal Revenue Under the leadership of Sir Monday John Onyeme has embarked on a tough exercise on tax evaders and defaulters in various establishment, Industries, Cooperate Bodies etc who has failed to remits/pay their taxes such as Business Premises, Development levy and also those who has failed to show evidences of payment by submitting their Payee End Of Year 2015 Annual Returns and personal Income tax to the Board.
To this end, Establishment, Companies, Industries etc who has failed to comply to their tax obligations under the Personal Income tax Act will be penalize, therefore a notice of non compliance has been pasted on the forefront of defaulted companies, Industries etc which is still on-going notifying them of the penalty.
Furtherance to the provision of the personal Income Tax Act Cap P8(LFN) of 2004 as amended, all organizations in Delta State are required to furnish the DBIR Board with employers annual returns.

The returns is statutory requirement pursuant to Section 81(2) and (3) of the personal Income tax,Cap P8,LFN,2004 as amended which states that
Section 81(2)

"Every employer shall be required 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"

Section 81(3)
Any employer who contravenes the provisions of this section shall be liable on conviction to a penalty.

The move is part of the renewed effort of the board to boost Internally Generated Revenue and to ensure that tax defaulters face the law. Tax-payment is a civic responsibility of everyone because it is a major source of government’s revenue and also the only means government can provide the basic amenities for its citizens to improve their living standards.
With the dwindling revenue from federal government, Delta State under the leadership of Dr IFEANYI OKOWA is doing greatly for quick delivery of the SMART Agenda that is geared towards prosperity for all Deltans.

We as an individual, Industries etc must play our role in assisting the government by complying to our tax obligations because failure to comply is highly punishable under the law.
Written by Wilson Junior.



No comments:

Post a Comment