File Your Pay As You Earn Tax Returns To Avoid Payment Of N500,000 Fine- Ogun Revenue Agency Warns Employers - EDU-BIZNEWS

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Wednesday, December 27, 2023

File Your Pay As You Earn Tax Returns To Avoid Payment Of N500,000 Fine- Ogun Revenue Agency Warns Employers





Employers of labour with employees resident in Ogun State have been warned to file their Pay As You Earn (PAYE) Tax Returns  for year 2023 on or before January 31, 2024 to avoid payment of penalty.


Executive Chairman of the Ogun State Internal Revenue Service  (OGIRS), Mr Olugbenga Olaleye  issued the warning in a statement made available to Edu-Biznews on Wednesday in Abeokuta, the State capital 

According to him, employers of labour with employees resident in the state are statutorily obliged to file their 2023 PAYE tax returns on or before 31st day of the first month in the new year, failure to do so would attract a penalty of five hundred thousand  naira.

"In line with the provision of section 81(1-3) of Personal Income Tax Act, 2011 as amended and paragraph 10 of 2002 PAYE Regulations,  all employers of labour with employees resident in Ogun State both corporate and private organisations are statutorily obliged to file their PAYE Tax Returns for 2023 on or before 31st January 2024; failure to do so will attract penalty upon conviction" he said

The Chairman enjoined them to do the needful by logging in with their login credentials as existing Tax Agents  on the Agency's website, www.ogirs.ogunstate.gov.ng

He also urged Tax Agents who are yet to register to register on the website by supplying required information in order to obtain login details in their registered email.

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