Osun State Governor Ademola Adeleke
Employers of labour in Osun State, especially self-employed individuals, have been given up till March 31, 2024, to voluntarily file their annual tax returns for the year 2023, in compliance with the Personal Income Tax Act of 2004, as amended.
The Chairman of Osun Internal Revenue Service, Prince Adesola Adewumi reiterated this during a live radio program christened, “Alaye Lori Owo Ori”.
He stated further that filing annual returns, within the stipulated time, will allow businesses to have a clear vision and readjustment where necessary before the year 2024 runs out.
Adewumi who spoke through the Director of Income Tax, Mrs. Idowu Osungbohun reminded the affected taxpayers of their obligations under the law, explaining that section 81 (2) of the Personal Income Tax Act 2004, as amended, makes it mandatory for all employers of labour, especially self-employed individuals, to file a return voluntarily with the relevant tax authority of all emoluments paid to its employees not later than March 31, of every year, in respect of all employees in its employment during the preceding year.
While asserting that failure to comply with the directive would attract penalties as well as other statutory sanctions, the OIRS boss urged them to do the needful as part of discharging their civic duties to the State Government.
He then appealed to taxpayers to attach all necessary information and documents required during filing, directing that a soft copy of the annual tax returns should be sent to the OIRS website; www.oirs.ng, while the hardcopy should be brought down to OIRS headquarters for proper documentation.
