Employers and self-employed individuals in Osun State have been given up till January 31, and March 31, 2024 respectively to voluntarily file their annual tax returns for 2023 in compliance with the Personal Income Tax Act of 2004, as amended.
The Chairman, Osun Internal Revenue Service, Prince Adesola Adewumi reaffirmed this during a live radio program christened, “Alaye Lori Owo Ori”.
He stated further that filing of annual returns within the stipulated time will allow corporate bodies and individuals to start the new year on a fresh note.
The Chairman, who spoke through the Assistant Director, Informal Sector, OIRS, Mrs Bilikis Lawal 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 to file a return voluntarily 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 during the preceding year.
While asserting that failure to comply with the directive would attract penalties and other statutory sanctions, the OIRS boss urged them to do the needful as part of discharging their civic duties to the State Government.
He appealed to taxpayers to attach all necessary information and documents required during filing, directing that soft copies of the annual tax returns should be sent to OIRS website; www.oirs.ng, while the hard copies should be brought down to OIRS headquarters for proper documentation.
