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Anambra Internal Revenue Service sets to enforce company registration

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ANAMBRA State Internal Revenue Service (AIRS) is set to commence enforcement of company, business registration and non-remittance of Pay As You Earn (PAYE) in the state.  

Head of PAYE Department (HPD) at AIRS, Chika Obiano said this in an interview with newsmen in her office at the Revenue House, Awka.

“The enforcement took effect from Oct. 1, while payments start from this week with the Police, OCHA Brigade and our legal team to enforce payments,” she said.

Obiano explained that employers must register their company businesses with the AIRS and remit tax deductions from their staff members.

“Employers with at least four staff members are required within six months of commencing business to register with the AIRS for tax deductions from staff members’ emoluments.

“Those deductions shall be remitted to the AIRS with or without formal notification or direction from AIRS.

“Failure to do so is an offence, liable on conviction to payment of N25, 000 in addition to payment of arrears of taxes due,” she said.

The HPD also explained that all tax deductions must be remitted to AIRS within 10 days they were deducted.

“Employers are expected to remit PAYE deducted from their employees’ salaries within 10 days from the end of each month to avoid payment of interest and penalty for late remittances.

“PAYE remittance for each month must be accompanied with a schedule (soft and hard copies), showing employees name, tax identification number, gross salary, consolidated relief allowances; tax exempts items, chargeable income and tax deducted.

She stressed that employers must endeavour to collect receipts for any remittance made.

“Any employer, who fails to deduct the correct PAYE or having deducted, fails to remit such deductions to AIRS will be liable to penalty of 10 per cent of the tax not deducted.

“This is in addition to the amount of tax not deducted or remitted plus interest at the prevailing monetary policy rate of the Central Bank of Nigeria (CBN).”

Obiano emphasised that although they would enforce filing of annual returns and this would be by first week of January 2020.

A statement signed by the Deputy Director/Head, Tax payer Education and Enlightenment Team at AIRS, Mrs Sylvia Tochukwu-Ngige said that any debt owed to Anambra State must be recovered.

“In line with the provisions of Personal Income Tax Act, and PAYE Scheme Regulations of 2002, any employer that fails to comply commits an offence, which attracts penalties,” she said.

Tochukwu-Ngige maintained that Anambra State Government would not hesitate to use the full force of the law to recover any debts owed the state.

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