TAXATION: EDO GOVT. APPROVES WAIVERS ON OUTSTANDING LIABILITIES
OWED BY TAX PAYERS ON CONDITIONS
By Eben Enasco Kingsley, Benin City
Edo State Executive Chairman, Internal Revenue Service, EIRS,
Chief Oseni Elamah, has graciously approved waivers on outstanding tax
liabilities owed the state government on debts already established and
communicated to tax payers as final liabilities within 90-day in line with the
philosophy of the state Governor, Mr. Godwin Obaseki to run peoples
participatory and result oriented government.
The waiver was announced by the Chairman, Chief Elamah in a
stakeholders meeting held recently in the state capital in line with section 80
of the personal income tax Act 2014 as amended.
Chief Elamah in his address stressed that provided the dept
are settled within the 90-day duration of grace effect December 1, 2016 to Wednesday
march 1, 2017 as terms and conditions outlined for the tax payers.
He explained that PAYE TAX for debts owed up to November
2016, within the last 30days attract 50% reduction with a waiver of full
interest and its penalties.
Continued, Chief Elamah said, for land use charges within 90-day
period; dept paid within 60-day also attract 50% reduction plus a waiver of
full interest and its penalties.
The EIRS gaffer further disclosed that, consumption tax
defaulters within 90days period owing 500,000 and above and makes payment
within the 90-day grace period stand a chance to get 30% reduction of the
amount owed plus a waiver of full interest and its penalties
He however, urged tax debtors to take full advantage of the
magnanimity exhibited by Governor Obaseki and pay up all outstanding arrears to
avoid unnecessary embarrassment without delays.
