From Adamu Shehu, Bauchi
Extension of tax remittance has become imperative as another way to cushion the effect of corona virus pandemic ravaging the world on tax payers. To that effect, Bauchi state government has granted tax reliefs to tax payers.
The State Internal Revenue Board, Executive Chairman Muazu Usman acknowledged that in a press release issued to newsmen in Bauchi, saying that the state governor Bala Mohammed has approved the tax remittance extension and waivers.
The revenue boss explained that, some of the waivers are, the extension of the deadline for submission of return of income form A by taxable persons and filing of annual returns by employers in line with personal income tax act to 31st July 2020.
Meanwhile, he further states that, the reliefs includes waiver of penalty on late remittance of pay as you earn (PAYE) deductions on hotels, restaurants, road transport operators, private schools proprietors that were supposed to remit their dues from January to July this year.
Usman added that waivers were also granted on late payment of ground rent for 12 months effective from January 1st 2020, penalty on late payment of deed registration approved from January 2020 to December 2020.
“The implementation of presumptive tax regime on all informal sector businesses; traders, artisans, market women and other small scale businesses scheduled to commence in June 2020 is now shifted to October 2020.
“The imposition of consumption tax on hotels, restaurants and allied services scheduled to commence in June 2020 is now shifted to October 2020,” he revealed.